T3: Institutions offering payment services / instruments Source
(units, unless otherwise stated; end of year)
«Korea»
 Year
« ‹ 2019 › »
 2015 2016 2017 2018 2019
Total number of institutions offering
 payment services/instruments		3,7373,7243,7183,7033,716
Breakdown of 'total number of institutions offering
 payment services/instruments' by category
Central bank11111
Number of branches or offices1717171717
Number of payment accounts354344341338339
Value of payment accounts (KRW billions)43,42645,12446,69853,42465,102
Banks
Total number of entities5960575755
Number of branches or offices7,5127,3467,0327,0166,964
Number of payment accounts (thousands)35,80937,41144,37050,20959,401
Partial breakdown of 'banks, number of payment accounts'
Of which: internet-linked (thousands)navnavnavnavnav
Value of payment accounts (KRW billions) 1155,419179,939194,278202,395224,548
Breakdown of 'banks' by subcategory
Domestically licensed banks
Total number of entities1212141414
Number of branches or offices5,3805,2224,9254,8834,838
Number of payment accounts (thousands)navnavnavnavnav
Value of payment accounts (KRW billions)92,616105,831113,651navnav
Special purpose banks
Total number of entities 255555
Number of branches or offices2,0652,0592,0462,0702,066
Number of payment accounts (thousands)navnavnavnavnav
Value of payment accounts (KRW billions)58,02268,40574,143navnav
Bank type III
Total number of entitiesnapnapnapnapnap
Number of branches or officesnapnapnapnapnap
Number of payment accounts (thousands)napnapnapnapnap
Value of payment accounts (KRW billions)napnapnapnapnap
Bank type IV
Total number of entitiesnapnapnapnapnap
Number of branches or officesnapnapnapnapnap
Number of payment accounts (thousands)napnapnapnapnap
Value of payment accounts (KRW billions)napnapnapnapnap
Bank type V
Total number of entitiesnapnapnapnapnap
Number of branches or officesnapnapnapnapnap
Number of payment accounts (thousands)napnapnapnapnap
Value of payment accounts (KRW billions)napnapnapnapnap
Bank type VI
Total number of entitiesnapnapnapnapnap
Number of branches or officesnapnapnapnapnap
Number of payment accounts (thousands)napnapnapnapnap
Value of payment accounts (KRW billions)napnapnapnapnap
Bank type VII
Total number of entitiesnapnapnapnapnap
Number of branches or officesnapnapnapnapnap
Number of payment accounts (thousands)napnapnapnapnap
Value of payment accounts (KRW billions)napnapnapnapnap
Bank type VIII
Total number of entitiesnapnapnapnapnap
Number of branches or officesnapnapnapnapnap
Number of payment accounts (thousands)napnapnapnapnap
Value of payment accounts (KRW billions)napnapnapnapnap
Branches of foreign banks
Total number of entities4243383836
Number of branches of foreign banks6765616360
Number of payment accounts (thousands)navnavnavnavnav
Value of payment accounts (KRW billions)4,7815,7036,484navnav
Non-banks offering payment services/instruments
Total number of entities3,6773,6633,6603,6453,660
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 33,6053,5783,5693,5433,528
Number of branches or offices10,29910,21110,14510,13910,069
Number of payment accounts (thousands)navnavnavnavnav
Value of payment accounts (KRW billions) 474,80582,66892,26792,291100,818
Non-banks relying on storage of value on payment
 accounts or on a device offered by others
Total number of entities 5728591102132
MEMO: FOCUS on E-MONEY
Total number of e-money issuers33322
Partial breakdown of 'total number of e-money issuers'
 by type of institution
Of which: non-banks33322
Total outstanding e-money value (KRW billions)99965
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.