B2B drives market demand, with B2B spending representing 84.5% of total demand in 2023. Shinhan Financial Group Co Ltd is the largest company in South Korea, generating 15.6% of the industry’s total turnover value in 2023. The industry is fragmented, with the top five companies generating 41.7% of total production value in 2023. The total number of companies increases in 2023, to 76,314 units. The costs of the industry increase by 7.1% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 35.7% of turnover in 2023, the 13th highest regionally. With turnover of USD124 billion, South Korea accounts for 5.7% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Monetary Intermediation in South Korea: ISIC 651. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Monetary Intermediation in South Korea: ISIC 651 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of insurance and pension funding, monetary intermediation.
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