Account, young in South Korea

South Korea: Account, young was 98.4% in 2024. ▲ Rising

Latest (2024)
98.4%
Change on year
down 0.2%
World rank
14th
of 107 countries
All-time high
98.6%
in 2021
All-time low
84.1%
in 2011
Years of data
5
2011–2024

Account, young in South Korea, 2011–2024

0204060801002011201720242011: 84.1 % ages 15-242014: 86.1 % ages 15-242017: 87.3 % ages 15-242021: 98.6 % ages 15-242024: 98.4 % ages 15-24

Source: Global Findex database. Measured in % ages 15-24.

Analysis

The most recent figure for account, young in South Korea is 98.4%, measured in 2024.

That represents a change of down 0.2% on the previous year and up 14.3% over ten years.

Over the whole period, account, young in South Korea peaked at 98.6% in 2021 and was at its lowest, 84.1%, in 2011.

That places South Korea 14th out of 107 countries with data for 2024, putting it in the top quarter.

Account, young in South Korea, year by year

Annual values for Account, young (% ages 15-24) in South Korea, 2011 to 2024.
Year % ages 15-24 Change
2011 84.1%
2014 86.1% +2.4%
2017 87.3% +1.4%
2021 98.6% +12.9%
2024 98.4% -0.2%

South Korea compared with similar countries

  • South Korea's 98.4% is above the median for high income countries, which is 95.7%, 1.0× the median. (42 countries reporting)
  • South Korea's 98.4% is above the median for East Asia & Pacific, which is 95.4%, 1.0× the median. (13 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2010s 85.8% 84.1% 87.3% 3
2020s 98.5% 98.4% 98.6% 2

Countries ranked near South Korea

  1. 11 Finland 98.6% compare
  2. 12 Slovenia 98.6% compare
  3. 13 Ireland 98.5% compare
  4. 15 Estonia 98.2% compare
  5. 16 Belgium 98.0% compare
  6. 17 Denmark 97.9% compare

See the full ranking of 119 places →

More reference data data for South Korea

All data for South Korea →

Frequently asked questions

What is account, young in South Korea?
Account, young in South Korea was 98.4% in 2024, according to Global Findex database.
What is the highest account, young recorded in South Korea?
The highest recorded value was 98.6% in 2021.
What is the lowest account, young recorded in South Korea?
The lowest recorded value was 84.1% in 2011.
How does South Korea rank for account, young?
South Korea ranks 14th out of 107 countries with data for 2024.
Is account, young rising or falling in South Korea?
Over the last ten years it is up 14.3%. The long-run trend across the full record is rising.
Where does this South Korea data come from?
The figures come from Global Findex database, published as part of Account, young (% ages 15-24). Statizoid updates them automatically from the source API.

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Account, young in South Korea. Statizoid, drawing on Global Findex database. Retrieved 24 September 2026, from https://reference.statizoid.com/stat/account-young-percent-ages-15-24/korea-rep/

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About this data

Indicator
Account, young (% ages 15-24)
Unit
% ages 15-24
Source
Global Findex database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
119 places, 595 data points, 2011–2024
Last refreshed

The percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution (see the definition for "financial institution account") or report personally using a mobile money service in the past year (see the definition for "mobile money account"), young (% ages 15-24)