Robo advisory market size South Korea 2021

Published by L. Yoon, Jan 22, 2024
As of November 2021, the total value of assets under management of robo-advisors in South Korea amounted to about 1.9 trillion South Korean won, up from about 1.46 trillion South Korean won in the previous year. Robo-advisors are digital platforms that use algorithms and Big Data to provide online wealth management services. The South Korean financial industry is no stranger to digitalization, but the COVID-19 pandemic has clearly brought about another significant shift towards digital finance.

Assets under management of robo-advisors in South Korea as of November 2021 (in trillion South Korean won)

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Release date

January 2022

Region

South Korea

Survey time period

2021

Supplementary notes

Robo-advisor companies that have passed the test bed stage.

1,000 South Korean won equals 0.83 U.S. dollars or 0.74 euros as of February 2022.

Figures have been rounded.

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