In 2020, around 94 percent of people aged 40 to 49 years in South Korea used online banking services. This was followed by people in their 50s and 60s with around 79 and 51 percent, respectively. While the overal usage rate increased sharply year-on-year across all age groups, the nearly twofold increase among people in their 60s is notable.
Share of middle-aged people using online banking in South Korea from 2019 to 2020, by age group
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Statistics on Mobile banking in South Korea
Overview
6
- Basic Statistic Smartphone penetration as share of population in South Korea 2015-2025
- Basic Statistic Countries with the fastest average mobile internet speed 2022
- Premium Statistic Mobile network download speed experience APAC 2020 by country or region
- Premium Statistic Fintech adoption rate South Korea 2017-2019
- Premium Statistic Online banking penetration in Asia 2020, by country
- Premium Statistic Financial services usage South Korea 2018-2021, by delivery channel
Online banking
4
- Premium Statistic Online banking usage rate South Korea 2016-2021
- Premium Statistic Number of online banking customers South Korea 2011-2021
- Premium Statistic Online banking transaction value South Korea 2018-2021
- Premium Statistic Mobile banking customers' share in the online banking sector South Korea 2017-2021
Mobile banking
4
- Premium Statistic Mobile banking transaction value South Korea 2018-2021
- Premium Statistic Number of mobile banking transactions South Korea 2018-2021
- Premium Statistic Mobile banking transactions growth rate South Korea 2013-2021
- Premium Statistic Open banking transaction value South Korea 2019-2021
Usage
5
- Premium Statistic Number of mobile banking customers South Korea 2011-2021
- Premium Statistic Mobile banking usage rate South Korea 2022
- Premium Statistic Mobile banking usage rate South Korea 2022, by age
- Premium Statistic Number of open banking users South Korea 2019-2021
- Premium Statistic Usage rate of internet-only banks South Korea 2022
Digital banks
7
- Premium Statistic Major digital banks South Korea 2022, by loans and deposits
- Premium Statistic Number of digital bank customers South Korea 2021, by bank
- Premium Statistic Share of digital bank customers South Korea 2022, by age
- Premium Statistic Total assets of Kakao Bank 2016-2021
- Premium Statistic Net income of Kakao Bank 2016-2021
- Premium Statistic Total assets of K Bank 2016-2021
- Premium Statistic Net profit of K Bank 2016-2021
Consumer perspective
5
- Premium Statistic Frequency of bank visits South Korea 2021
- Premium Statistic Opinions on reducing bank branches South Korea 2021
- Premium Statistic Leading mobile banking apps South Korea 2021, by users
- Premium Statistic Customer satisfaction with mobile banking apps South Korea 2021, by bank
- Premium Statistic Reasons for satisfaction with mobile banking apps South Korea 2021
Further related statistics
16
- Online banking active users South Korea 2017-2018
- Mobile banking usage rate South Korea 2022
- Mobile banking services usage rate South Korea 2022, by income
- Reasons for using traditional bank's mobile banking services South Korea 2020
- Direct bank mobile banking usage frequency South Korea 2019
- Traditional bank mobile banking usage frequency South Korea 2019
- Mobile banking usage rate South Korea 2018, by service type
- Mobile banking weekly usage number South Korea 2018, by service type
- Share of mobile and branch banking users 2010-2015
- Usage rate of internet-only banks South Korea 2022
- Digital banking usage in Germany 2014, by age group
- Italy: essential characteristics of the bank of the future 2018
- Direct bank mobile banking usage rate South Korea 2018, by service type
- Direct bank mobile banking weekly usage number South Korea 2018, by service type
- Usage of online banking app for chatting with other users in Russia 2019
- Security of OTP tokens and smartphones to access online banking in Italy 2019
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Statistics
- Online banking active users South Korea 2017-2018
- Mobile banking usage rate South Korea 2022
- Mobile banking services usage rate South Korea 2022, by income
- Reasons for using traditional bank's mobile banking services South Korea 2020
- Direct bank mobile banking usage frequency South Korea 2019
- Traditional bank mobile banking usage frequency South Korea 2019
- Mobile banking usage rate South Korea 2018, by service type
- Mobile banking weekly usage number South Korea 2018, by service type
- Share of mobile and branch banking users 2010-2015
- Usage rate of internet-only banks South Korea 2022
- Digital banking usage in Germany 2014, by age group
- Italy: essential characteristics of the bank of the future 2018
- Direct bank mobile banking usage rate South Korea 2018, by service type
- Direct bank mobile banking weekly usage number South Korea 2018, by service type
- Usage of online banking app for chatting with other users in Russia 2019
- Security of OTP tokens and smartphones to access online banking in Italy 2019
Ministry of Science and ICT (South Korea). (March 3, 2021). Share of middle-aged people using online banking in South Korea from 2019 to 2020, by age group [Graph]. In Statista. Retrieved March 24, 2023, from https://www.statista.com/statistics/1235739/south-korea-middle-aged-people-using-online-banking-by-age/
Ministry of Science and ICT (South Korea). "Share of middle-aged people using online banking in South Korea from 2019 to 2020, by age group." Chart. March 3, 2021. Statista. Accessed March 24, 2023. https://www.statista.com/statistics/1235739/south-korea-middle-aged-people-using-online-banking-by-age/
Ministry of Science and ICT (South Korea). (2021). Share of middle-aged people using online banking in South Korea from 2019 to 2020, by age group. Statista. Statista Inc.. Accessed: March 24, 2023. https://www.statista.com/statistics/1235739/south-korea-middle-aged-people-using-online-banking-by-age/
Ministry of Science and ICT (South Korea). "Share of Middle-aged People Using Online Banking in South Korea from 2019 to 2020, by Age Group." Statista, Statista Inc., 3 Mar 2021, https://www.statista.com/statistics/1235739/south-korea-middle-aged-people-using-online-banking-by-age/
Ministry of Science and ICT (South Korea), Share of middle-aged people using online banking in South Korea from 2019 to 2020, by age group Statista, https://www.statista.com/statistics/1235739/south-korea-middle-aged-people-using-online-banking-by-age/ (last visited March 24, 2023)
Share of middle-aged people using online banking in South Korea from 2019 to 2020, by age group [Graph], Ministry of Science and ICT (South Korea), March 3, 2021. [Online]. Available: https://www.statista.com/statistics/1235739/south-korea-middle-aged-people-using-online-banking-by-age/