T3: Institutions offering payment services / instruments Source
(units, unless otherwise stated; end of year)
«Korea»
 Year
« ‹ 2017 › »
 2013 2014 2015 2016 2017
Total number of institutions offering
 payment services/instruments		3,8093,7343,7373,7243,718
Breakdown of 'total number of institutions offering
 payment services/instruments' by category
Central bank11111
Number of branches or offices1717171717
Number of payment accounts340340354344341
Value of payment accounts (KRW billions)40,89241,39843,42645,12446,698
Banks
Total number of entities5757596057
Number of branches or offices7,8197,6217,5127,3467,032
Number of payment accounts (thousands)37,26739,00835,80937,41144,370
Partial breakdown of 'banks, number of payment accounts'
Of which: internet-linked (thousands)navnavnavnavnav
Value of payment accounts (KRW billions) 1111,406122,815155,419179,939194,278
Breakdown of 'banks' by subcategory
Domestically licensed banks
Total number of entities1313121214
Number of branches or offices5,6665,4875,3805,2224,925
Number of payment accounts (thousands)navnavnavnavnav
Value of payment accounts (KRW billions)73,31576,86692,616105,831113,651
Special purpose banks
Total number of entities 255555
Number of branches or offices2,0802,0702,0652,0592,046
Number of payment accounts (thousands)navnavnavnavnav
Value of payment accounts (KRW billions)35,35142,88458,02268,40574,143
Bank type III
Total number of entitiesnapnapnapnapnap
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Number of payment accounts (thousands)napnapnapnapnap
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Bank type IV
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Bank type V
Total number of entitiesnapnapnapnapnap
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Number of payment accounts (thousands)napnapnapnapnap
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Bank type VI
Total number of entitiesnapnapnapnapnap
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Bank type VII
Total number of entitiesnapnapnapnapnap
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Bank type VIII
Total number of entitiesnapnapnapnapnap
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Number of payment accounts (thousands)napnapnapnapnap
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Branches of foreign banks
Total number of entities3939424338
Number of branches of foreign banks7364676561
Number of payment accounts (thousands)navnavnavnavnav
Value of payment accounts (KRW billions)2,7403,0664,7815,7036,484
Non-banks offering payment services/instruments
Total number of entitiesnavnav3,6773,6633,660
Breakdown of 'non-banks offering payment services/
 instruments, total number of entities' by subcategory
Non-banks offering storage of value
 (on a payment account or on a device)
Total number of entities 33,7513,6763,6053,5783,569
Number of branches or offices10,88110,45610,29910,21110,145
Number of payment accounts (thousands)navnavnavnavnav
Value of payment accounts (KRW billions) 456,08763,86574,80582,66892,267
Non-banks relying on storage of value on payment
 accounts or on a device offered by others
Total number of entities 5navnav728591
MEMO: FOCUS on E-MONEY
Total number of e-money issuers33333
Partial breakdown of 'total number of e-money issuers'
 by type of institution
Of which: non-banks33333
Total outstanding e-money value (KRW billions)1110999
Partial breakdown of 'total outstanding e-money value'
 by type of institution
Of which: issued by a non-bank (KRW billions)navnavnavnavnav
 1 Demand deposits only. 2 Korea Development Bank, Industrial Bank of Korea, Export-Import Bank of Korea, Nonghyup and National Federation of Fisheries. 3 Mutual Savings Banks, Credit Unions, Mutual Credits and Community Credit Cooperatives, Korea Post and Financial investment companies. 4 Demand deposit, Customer's deposit and Cash Management Accounts. 5 This number is the sum of electronic funds transfer service providers, electronic payment settlement agency etc which are registered as electronic fiancial business entity by Financial Service Commision.
Sources: Bank of Korea; Financial Supervisory Service.