In fiscal year 2023, the value of total loans granted by domestic banks in South Korea amounted to approximately 2,504 trillion South Korean won, up from around 2,411 trillion won in the previous year. The value of bank loans granted by South Korean banks has increased steadily in recent years.
Total loans granted by domestic banks in South Korea from fiscal year 2011 to 2023
(in trillion South Korean won)
*South Korea’s fiscal year starts on January 1 and ends on December 31.
**The total loans of the two digital banks were included from 2017.
Includes commercial banks (KB Kookmin Bank, Shinhan Bank, Woori Bank, Hana Bank, Standard Chartered Bank Korea, Citibank Korea), regional banks (Kyongnam Bank, Kwangju Bank, Daegu Bank, Busan Bank, Jeonbuk Bank, Jeju Bank), digital banks (K Bank, Kakao Bank, Toss Bank), and specialized banks established by the government (Nonghyup Bank, Suhyup Bank, Industrial Bank of Korea, Korea Development Bank). Foreign bank branches were excluded.
1,000 South Korean won equals 0.73 U.S. dollars or 0.67Â euro as of June 2024.
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Financial Supervisory Service. (June 18, 2024). Total loans granted by domestic banks in South Korea from fiscal year 2011 to 2023 (in trillion South Korean won) [Graph]. In Statista. Retrieved September 19, 2024, from https://www.statista.com/statistics/1242049/south-korea-total-loans-granted-by-domestic-banks/
Financial Supervisory Service. "Total loans granted by domestic banks in South Korea from fiscal year 2011 to 2023 (in trillion South Korean won)." Chart. June 18, 2024. Statista. Accessed September 19, 2024. https://www.statista.com/statistics/1242049/south-korea-total-loans-granted-by-domestic-banks/
Financial Supervisory Service. (2024). Total loans granted by domestic banks in South Korea from fiscal year 2011 to 2023 (in trillion South Korean won). Statista. Statista Inc.. Accessed: September 19, 2024. https://www.statista.com/statistics/1242049/south-korea-total-loans-granted-by-domestic-banks/
Financial Supervisory Service. "Total Loans Granted by Domestic Banks in South Korea from Fiscal Year 2011 to 2023 (in Trillion South Korean Won)." Statista, Statista Inc., 18 Jun 2024, https://www.statista.com/statistics/1242049/south-korea-total-loans-granted-by-domestic-banks/
Financial Supervisory Service, Total loans granted by domestic banks in South Korea from fiscal year 2011 to 2023 (in trillion South Korean won) Statista, https://www.statista.com/statistics/1242049/south-korea-total-loans-granted-by-domestic-banks/ (last visited September 19, 2024)
Total loans granted by domestic banks in South Korea from fiscal year 2011 to 2023 (in trillion South Korean won) [Graph], Financial Supervisory Service, June 18, 2024. [Online]. Available: https://www.statista.com/statistics/1242049/south-korea-total-loans-granted-by-domestic-banks/