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Commercial bank branches in Republic of Korea

Republic of Korea: Commercial bank branches was 12.39 per 100,000 adults in 2024. ▼ Falling

Latest (2024)
12.39 per 100,000 adults
Change on year
down 2.4%
World rank
84th
of 184 countries
All-time high
18.76 per 100,000 adults
in 2008
All-time low
12.39 per 100,000 adults
in 2024
Years of data
21
2004–2024

Commercial bank branches in Republic of Korea, 2004–2024

051015202004201420242004: 16.9 per 100,000 adults2005: 17.4 per 100,000 adults2006: 17.9 per 100,000 adults2007: 18.4 per 100,000 adults2008: 18.8 per 100,000 adults2009: 18.3 per 100,000 adults2010: 18.2 per 100,000 adults2011: 18.3 per 100,000 adults2012: 18.3 per 100,000 adults2013: 18 per 100,000 adults2014: 17.2 per 100,000 adults2015: 16.7 per 100,000 adults2016: 16.2 per 100,000 adults2017: 15.4 per 100,000 adults2018: 15.2 per 100,000 adults2019: 15 per 100,000 adults2020: 14.3 per 100,000 adults2021: 13.6 per 100,000 adults2022: 12.9 per 100,000 adults2023: 12.7 per 100,000 adults2024: 12.4 per 100,000 adults

Source: IMF Financial Access Survey, via World Bank (2026) – processed by Our World in Data. Measured in per 100,000 adults.

Analysis

The most recent figure for commercial bank branches in Republic of Korea is 12.39 per 100,000 adults, measured in 2024. That is the lowest value across all 21 years on record.

The figure is down 2.4% on the previous year and down 27.9% over ten years.

Over the whole period, commercial bank branches in Republic of Korea peaked at 18.76 per 100,000 adults in 2008 and was at its lowest, 12.39 per 100,000 adults, in 2024.

Republic of Korea ranks 84th of 184 countries on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 21 years of available data.

Commercial bank branches in Republic of Korea, year by year

Year per 100,000 adults Change
2004 16.9 per 100,000 adults —
2005 17.42 per 100,000 adults +3.1%
2006 17.9 per 100,000 adults +2.8%
2007 18.38 per 100,000 adults +2.6%
2008 18.76 per 100,000 adults +2.1%
2009 18.25 per 100,000 adults -2.7%
2010 18.24 per 100,000 adults -0.1%
2011 18.26 per 100,000 adults +0.1%
2012 18.33 per 100,000 adults +0.4%
2013 18.03 per 100,000 adults -1.6%
2014 17.2 per 100,000 adults -4.6%
2015 16.75 per 100,000 adults -2.6%
2016 16.21 per 100,000 adults -3.2%
2017 15.4 per 100,000 adults -5.0%
2018 15.24 per 100,000 adults -1.1%
2019 15.02 per 100,000 adults -1.4%
2020 14.29 per 100,000 adults -4.9%
2021 13.57 per 100,000 adults -5.0%
2022 12.89 per 100,000 adults -5.0%
2023 12.7 per 100,000 adults -1.5%
2024 12.39 per 100,000 adults -2.4%

Averages by decade

DecadeAverage LowestHighest Years
2000s 17.94 per 100,000 adults 16.9 per 100,000 adults 18.76 per 100,000 adults 6
2010s 16.87 per 100,000 adults 15.02 per 100,000 adults 18.33 per 100,000 adults 10
2020s 13.17 per 100,000 adults 12.39 per 100,000 adults 14.29 per 100,000 adults 5

Countries ranked near Republic of Korea

  1. 81 Sao Tome and Principe 12.97 per 100,000 adults compare
  2. 82 Micronesia (country) 12.97 per 100,000 adults compare
  3. 83 Palestine, State of 12.92 per 100,000 adults compare
  4. 85 Mauritania 12.32 per 100,000 adults compare
  5. 86 Argentina 12.3 per 100,000 adults compare
  6. 87 Kazakhstan 12.19 per 100,000 adults compare

See the full ranking of 184 places →

More reference data data for Republic of Korea

All data for Republic of Korea →

Frequently asked questions

What is commercial bank branches in Republic of Korea?
Commercial bank branches in Republic of Korea was 12.39 per 100,000 adults in 2024, according to IMF Financial Access Survey, via World Bank (2026) – processed by Our World in Data.
What is the highest commercial bank branches recorded in Republic of Korea?
The highest recorded value was 18.76 per 100,000 adults in 2008.
What is the lowest commercial bank branches recorded in Republic of Korea?
The lowest recorded value was 12.39 per 100,000 adults in 2024.
How does Republic of Korea rank for commercial bank branches?
Republic of Korea ranks 84th out of 184 countries with data for 2024.
Is commercial bank branches rising or falling in Republic of Korea?
Over the last ten years it is down 27.9%. The long-run trend across the full record is falling.
Where does this Republic of Korea data come from?
The figures come from IMF Financial Access Survey, via World Bank (2026) – processed by Our World in Data, published as part of Commercial bank branches. Statizoid updates them automatically from the source API.

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Commercial bank branches in Republic of Korea. Statizoid, drawing on IMF Financial Access Survey, via World Bank (2026) – processed by Our World in Data. Retrieved 29 August 2026, from https://reference.statizoid.com/stat/number-of-commercial-bank-branches-per-100000-adults/korea-rep/

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About this data

Indicator
Commercial bank branches
Unit
per 100,000 adults
Source
IMF Financial Access Survey, via World Bank (2026) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
184 places, 3,628 data points, 2004–2024
Last refreshed

Number of commercial bank branches per 100,000 adults. Commercial bank branches are retail locations of resident commercial banks and other resident banks that function as commercial banks to provide financial services to customers.