Commercial bank branches in South Korea
South Korea: Commercial bank branches was 12.39 per 100,000 adults in 2024. ▼ Falling
Commercial bank branches in South Korea, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 100,000 adults.
Analysis
South Korea recorded 12.39 per 100,000 adults for commercial bank branches in 2024. That is the lowest value across all 21 years on record.
The figure is down 2.4% on the previous year and down 27.9% over ten years.
Over the whole period, commercial bank branches in South Korea peaked at 18.76 per 100,000 adults in 2008 and was at its lowest, 12.39 per 100,000 adults, in 2024.
That places South Korea 85th out of 185 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 21 years of available data.
Commercial bank branches in South Korea, year by year
| Year | per 100,000 adults | Change |
|---|---|---|
| 2004 | 16.9 per 100,000 adults | — |
| 2005 | 17.42 per 100,000 adults | +3.1% |
| 2006 | 17.9 per 100,000 adults | +2.8% |
| 2007 | 18.38 per 100,000 adults | +2.6% |
| 2008 | 18.76 per 100,000 adults | +2.1% |
| 2009 | 18.25 per 100,000 adults | -2.7% |
| 2010 | 18.24 per 100,000 adults | -0.1% |
| 2011 | 18.26 per 100,000 adults | +0.1% |
| 2012 | 18.33 per 100,000 adults | +0.4% |
| 2013 | 18.03 per 100,000 adults | -1.6% |
| 2014 | 17.2 per 100,000 adults | -4.6% |
| 2015 | 16.75 per 100,000 adults | -2.6% |
| 2016 | 16.21 per 100,000 adults | -3.2% |
| 2017 | 15.4 per 100,000 adults | -5.0% |
| 2018 | 15.24 per 100,000 adults | -1.1% |
| 2019 | 15.02 per 100,000 adults | -1.4% |
| 2020 | 14.29 per 100,000 adults | -4.9% |
| 2021 | 13.57 per 100,000 adults | -5.0% |
| 2022 | 12.89 per 100,000 adults | -5.0% |
| 2023 | 12.7 per 100,000 adults | -1.5% |
| 2024 | 12.39 per 100,000 adults | -2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 17.94 per 100,000 adults | 16.9 per 100,000 adults | 18.76 per 100,000 adults | 6 |
| 2010s | 16.87 per 100,000 adults | 15.02 per 100,000 adults | 18.33 per 100,000 adults | 10 |
| 2020s | 13.17 per 100,000 adults | 12.39 per 100,000 adults | 14.29 per 100,000 adults | 5 |
Countries ranked near South Korea
- 82 Sao Tome and Principe 12.97 per 100,000 adults compare
- 83 Micronesia (country) 12.97 per 100,000 adults compare
- 84 Palestine 12.92 per 100,000 adults compare
- 86 Mauritania 12.32 per 100,000 adults compare
- 87 Argentina 12.3 per 100,000 adults compare
- 88 Kazakhstan 12.19 per 100,000 adults compare
More financial sector data for South Korea
- Net domestic credit (current LCU), per capita 96.84 million current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 2,672 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 5.54 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 117.53 million SDR (2025)
- Gold reserves at market value 10.71 billion SDR (2025)
- Reserves excluding gold, foreign exchange 294.26 billion SDR (2025)
- Reserves excluding gold 308.07 billion SDR (2025)
- Total reserves (gold at market value) 318.78 billion SDR (2025)
- Total reserves (gold at national valuation) 311.57 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 6,028 SDR per person (2025)
Frequently asked questions
- What is commercial bank branches in South Korea?
- Commercial bank branches in South Korea was 12.39 per 100,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest commercial bank branches recorded in South Korea?
- The highest recorded value was 18.76 per 100,000 adults in 2008.
- What is the lowest commercial bank branches recorded in South Korea?
- The lowest recorded value was 12.39 per 100,000 adults in 2024.
- How does South Korea rank for commercial bank branches?
- South Korea ranks 85th out of 185 countries with data for 2024.
- Is commercial bank branches rising or falling in South Korea?
- Over the last ten years it is down 27.9%. The long-run trend across the full record is falling.
- Where does this South Korea data come from?
- The figures come from Financial Access Survey, International Monetary Fund (IMF), published as part of Commercial bank branches (per 100,000 adults). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Commercial bank branches are retail locations of resident commercial banks and other resident banks that function as commercial banks that provide financial services to customers and are physically separated from the main office but not organized as legally separated subsidiaries.