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% |
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
- 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 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.