Bank or similar financial institution account in South Korea

South Korea: Bank or similar financial institution account was 96.7% in 2024. ▬ Flat

Latest (2024)
96.7%
Change on year
down 2.0%
World rank
23rd
of 115 countries
All-time high
98.7%
in 2021
All-time low
93.0%
in 2011
Years of data
5
2011–2024

Bank or similar financial institution account in South Korea, 2011–2024

0204060801002011201720242011: 93 % age 15+2014: 94.4 % age 15+2017: 94.9 % age 15+2021: 98.7 % age 15+2024: 96.7 % age 15+

Source: Global Findex Database. Measured in % age 15+.

Analysis

The most recent figure for bank or similar financial institution account in South Korea is 96.7%, measured in 2024.

Compared with earlier readings it is down 2.0% on the previous year and up 2.5% over ten years.

Over the whole period, bank or similar financial institution account in South Korea peaked at 98.7% in 2021 and was at its lowest, 93.0%, in 2011.

South Korea ranks 23rd of 115 countries on this measure, in the top quarter.

Bank or similar financial institution account in South Korea, year by year

Annual values for Bank or similar financial institution account (% age 15+) in South Korea, 2011 to 2024.
Year % age 15+ Change
2011 93.0%
2014 94.4% +1.4%
2017 94.9% +0.5%
2021 98.7% +4.0%
2024 96.7% -2.0%

Averages by decade

DecadeAverage LowestHighest Years
2010s 94.1% 93.0% 94.9% 3
2020s 97.7% 96.7% 98.7% 2

Countries ranked near South Korea

  1. 20 Singapore 97.8% compare
  2. 21 Hong Kong 97.3% compare
  3. 22 United States 97.0% compare
  4. 24 Malta 96.6% compare
  5. 25 Cyprus 96.1% compare
  6. 26 Latvia 95.0% compare

See the full ranking of 127 places →

More reference data data for South Korea

All data for South Korea →

Frequently asked questions

What is bank or similar financial institution account in South Korea?
Bank or similar financial institution account in South Korea was 96.7% in 2024, according to Global Findex Database.
What is the highest bank or similar financial institution account recorded in South Korea?
The highest recorded value was 98.7% in 2021.
What is the lowest bank or similar financial institution account recorded in South Korea?
The lowest recorded value was 93.0% in 2011.
How does South Korea rank for bank or similar financial institution account?
South Korea ranks 23rd out of 115 countries with data for 2024.
Is bank or similar financial institution account rising or falling in South Korea?
Over the last ten years it is up 2.5%. The long-run trend across the full record is flat.
Where does this South Korea data come from?
The figures come from Global Findex Database, published as part of Bank or similar financial institution account (% age 15+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account in South Korea. Statizoid, drawing on Global Findex Database. Retrieved 29 August 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-percent-age-15/korea-rep/

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About this data

Indicator
Bank or similar financial institution account (% age 15+)
Unit
% age 15+
Source
Global Findex Database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
127 places, 635 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 similar financial institution, (% age 15+)