Foreign banks among total banks (%) in South Korea
South Korea: Foreign banks among total banks (%) was 13.0% in 2013. ◆ Volatile
Foreign banks among total banks in South Korea, 1995–2013
Source: Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10. Measured in %.
Analysis
The most recent figure for foreign banks among total banks in South Korea is 13.0%, measured in 2013.
The figure is unchanged over ten years.
Over the whole period, foreign banks among total banks in South Korea peaked at 19.0% in 2004 and was at its lowest, 0.0%, in 1995.
That places South Korea 110th out of 137 countries with data for 2013, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Foreign banks among total banks (%) in South Korea, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 0.0% | — |
| 1996 | 0.0% | — |
| 1997 | 0.0% | — |
| 1998 | 0.0% | — |
| 1999 | 0.0% | — |
| 2000 | 0.0% | — |
| 2001 | 6.0% | — |
| 2002 | 7.0% | +16.7% |
| 2003 | 13.0% | +85.7% |
| 2004 | 19.0% | +46.2% |
| 2005 | 19.0% | +0.0% |
| 2006 | 19.0% | +0.0% |
| 2007 | 19.0% | +0.0% |
| 2008 | 19.0% | +0.0% |
| 2009 | 19.0% | +0.0% |
| 2010 | 19.0% | +0.0% |
| 2011 | 13.0% | -31.6% |
| 2012 | 13.0% | +0.0% |
| 2013 | 13.0% | +0.0% |
South Korea compared with similar countries
- South Korea's 13.0% is below the median for high income countries, which is 36.0%, 36% of the median. (53 countries reporting)
- South Korea's 13.0% is below the median for East Asia & Pacific, which is 30.0%, 43% of the median. (14 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0% | 0.0% | 0.0% | 5 |
| 2000s | 14.0% | 0.0% | 19.0% | 10 |
| 2010s | 14.5% | 13.0% | 19.0% | 4 |
Countries ranked near South Korea
More financial sector data for South Korea
- Reserve position in the IMF, US dollar, annual growth rate 6.29 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 58.67 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.21 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 42.84 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.29 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 58.67 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.21 % change on previous year (2025)
Frequently asked questions
- What is foreign banks among total banks in South Korea?
- Foreign banks among total banks in South Korea was 13.0% in 2013, according to Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10.
- What is the highest foreign banks among total banks recorded in South Korea?
- The highest recorded value was 19.0% in 2004.
- What is the lowest foreign banks among total banks recorded in South Korea?
- The lowest recorded value was 0.0% in 1995.
- How does South Korea rank for foreign banks among total banks?
- South Korea ranks 110th out of 137 countries with data for 2013.
- Is foreign banks among total banks rising or falling in South Korea?
- Over the last ten years it is unchanged. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10, published as part of Foreign banks among total banks (%). Statizoid updates them automatically from the source API.
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About this data
Percentage of the number of foreign owned banks to the number of the total banks in an Economy. A foreign bank is a bank where 50 percent or more of its shares are owned by foreigners.