Store Cards in South Korea

Abstract
While the number of store cards issued in South Korea continues to rise as consumers regain their purchasing confidence and spend greater time outside of the home following an easing of pandemic-related restrictions, the main drivers of store cards, department stores, are increasingly focusing on developing their own mobile card apps, including dominant leader Hyundai Department Store through H Point Pay. The latter aims to provide a simpler payment method that offers greater convenience to cons...

Euromonitor International's Store Card Transactions in South Korea report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Store Card Transactions market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop

Content
Store Cards in South Korea
January 2023

List Of Contents And Tables

STORE CARDS IN SOUTH KOREA
KEY DATA FINDINGS
2022 DEVELOPMENTS
App-based store card function to provide convenient payment method
Hyundai Department Store diversifies consumer reach by introducing new offers
Specific benefits and customer care for store card users
PROSPECTS AND OPPORTUNITIES
Importance of store cards to secure regular customers will continue to be highlighted
The need for store cards to develop more specific features to overcome low versatility
Increasing customer contact points through new store openings
CATEGORY DATA
Table 1 Store Cards: Number of Cards in Circulation 2017-2022
Table 2 Store Cards Transactions 2017-2022
Table 3 Store Cards in Circulation: % Growth 2017-2022
Table 4 Store Cards Transactions: % Growth 2017-2022
Table 5 Store Cards: Number of Cards by Issuer 2017-2021
Table 6 Store Cards: Payment Transaction Value by Issuer 2017-2021
Table 7 Forecast Store Cards: Number of Cards in Circulation 2022-2027
Table 8 Forecast Store Cards Transactions 2022-2027
Table 9 Forecast Store Cards in Circulation: % Growth 2022-2027
Table 10 Forecast Store Cards Transactions: % Growth 2022-2027
FINANCIAL CARDS AND PAYMENTS IN SOUTH KOREA
EXECUTIVE SUMMARY
Financial cards and payments in 2022: The big picture
Relaxing of restrictions drives up stronger usage of commercial cards, while open loop pre-paid loses momentum following withdrawal of national relief fund
Remote payments accelerated by mobile m-commerce
Competitive landscape
What next for financial cards and payments?
MARKET INDICATORS
Table 11 Number of POS Terminals: Units 2017-2022
Table 12 Number of ATMs: Units 2017-2022
Table 13 Value Lost to Fraud 2017-2022
Table 14 Card Expenditure by Location 2022
Table 15 Financial Cards in Circulation by Type: % Number of Cards 2017-2022
Table 16 Domestic versus Foreign Spend 2022
MARKET DATA
Table 17 Financial Cards by Category: Number of Cards in Circulation 2017-2022
Table 18 Financial Cards by Category: Number of Accounts 2017-2022
Table 19 Financial Cards Transactions by Category: Value 2017-2022
Table 20 Financial Cards by Category: Number of Transactions 2017-2022
Table 21 Commerical Payments by Category: Value 2017-2022
Table 22 Commercial Payments by Category: Number of Transactions 2017-2022
Table 23 Personal Payments by Category: Value 2017-2022
Table 24 Personal Payments by Category: Number of Transactions 2017-2022
Table 25 M-Commerce by Category: Value 2017-2022
Table 26 M-Commerce by Category: % Value Growth 2017-2022
Table 27 Financial Cards: Number of Cards by Issuer 2017-2021
Table 28 Financial Cards: Number of Cards by Operator 2017-2021
Table 29 Financial Cards: Card Payment Transactions Value by Operator 2017-2021
Table 30 Financial Cards: Card Payment Transactions Value by Issuer 2017-2021
Table 31 Forecast Financial Cards by Category: Number of Cards in Circulation 2022-2027
Table 32 Forecast Financial Cards by Category: Number of Accounts 2022-2027
Table 33 Forecast Financial Cards Transactions by Category: Value 2022-2027
Table 34 Forecast Financial Cards by Category: Number of Transactions 2022-2027
Table 35 Forecast Commercial Payments by Category: Value 2022-2027
Table 36 Forecast Commercial Payments by Category: Number of Transactions 2022-2027
Table 37 Forecast Personal Payments by Category: Value 2022-2027
Table 38 Forecast Personal Payments by Category: Number of Transactions 2022-2027
Table 39 Forecast M-Commerce by Category: Value 2022-2027
Table 40 Forecast M-Commerce by Category: % Value Growth 2022-2027
DISCLAIMER
SOURCES
Summary 1 Research Sources