T3: Institutions offering payment services / instruments Source
(units, unless otherwise stated; end of year)
«Korea»
 Year
« ‹ 2018 › »
 2014 2015 2016 2017 2018
Total number of institutions offering
 payment services/instruments		3,7343,7373,7243,7183,703
Breakdown of 'total number of institutions offering
 payment services/instruments' by category
Central bank11111
Number of branches or offices1717171717
Number of payment accounts340354344341338
Value of payment accounts (KRW billions)41,39843,42645,12446,69853,424
Banks
Total number of entities5759605757
Number of branches or offices7,6217,5127,3467,0327,016
Number of payment accounts (thousands)39,00835,80937,41144,37050,209
Partial breakdown of 'banks, number of payment accounts'
Of which: internet-linked (thousands)navnavnavnavnav
Value of payment accounts (KRW billions) 1122,815155,419179,939194,278202,395
Breakdown of 'banks' by subcategory
Domestically licensed banks
Total number of entities1312121414
Number of branches or offices5,4875,3805,2224,9254,883
Number of payment accounts (thousands)navnavnavnavnav
Value of payment accounts (KRW billions)76,86692,616105,831113,651nav
Special purpose banks
Total number of entities 255555
Number of branches or offices2,0702,0652,0592,0462,070
Number of payment accounts (thousands)navnavnavnavnav
Value of payment accounts (KRW billions)42,88458,02268,40574,143nav
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
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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 entities3942433838
Number of branches of foreign banks6467656163
Number of payment accounts (thousands)navnavnavnavnav
Value of payment accounts (KRW billions)3,0664,7815,7036,484nav
Non-banks offering payment services/instruments
Total number of entitiesnav3,6773,6633,6603,645
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 33,6763,6053,5783,5693,543
Number of branches or offices10,45610,29910,21110,14510,139
Number of payment accounts (thousands)navnavnavnavnav
Value of payment accounts (KRW billions) 463,86574,80582,66892,26792,291
Non-banks relying on storage of value on payment
 accounts or on a device offered by others
Total number of entities 5nav728591102
MEMO: FOCUS on E-MONEY
Total number of e-money issuers33332
Partial breakdown of 'total number of e-money issuers'
 by type of institution
Of which: non-banks33332
Total outstanding e-money value (KRW billions)109996
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.