Market Insights Financial Wealth Management Digital Investment

Neobrokers - South Korea

South Korea

The Neobrokers market in South Korea is projected to generate a revenue of US$128.20m in 2024.
It is expected to experience a compound annual growth rate (CAGR) of 0.67% from 2024 to 2027, resulting in a total projected revenue of US$130.80m by 2027.
The average revenue per user in the Neobrokers market is estimated to be US$52.41 in 2024.
When compared globally, South Korea's revenue in this market is not the highest.
In terms of assets under management, the Neobrokers market in South Korea is projected to reach US$13.51bn in 2024.
It is expected to grow at a CAGR of 0.66% from 2024 to 2027, reaching a total projected amount of US$13.78bn by 2027.
The average assets under management per user in the Neobrokers market is expected to be US$5.52k in 2024.
When compared globally, in the United States has the highest assets under management in this market, with US$323,100.00m in 2024.
The number of users in the Neobrokers market in South Korea is expected to reach 2.48m users by 2027.
The user penetration rate will be 4.8% in 2024 and is projected to increase to 4.8% by 2027.
South Korea's neobroker market is experiencing rapid growth, fueled by tech-savvy consumers and increasing smartphone penetration.

Key regions: Canada, Switzerland, United States, Germany, United Kingdom

Market

Region

Region comparison

Currency

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on transaction values / revenues / assets under management and user data of relevant services and products offered within the FinTech market.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, population, internet penetration, smartphone penetration, credit card penetration, and online banking penetration. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.