Research and Markets: Emerging Opportunities in South Korea's Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/fxtfsq/emerging) has announced the addition of the "Emerging Opportunities in South Korea's Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape" report to their offering.

The South Korean cards and payments industry grew at a CAGR of 6.39% during the review period (2008-2012). The debit card category accounted for a CAGR of 5.21%. Over the forecast period (2013-2017) the debit card category is expected to grow at a CAGR of 4.02%. The credit card category occupied the second-largest share during the review period and grew at a CAGR of 7.29% and is expected to grow at a CAGR of 2.24% over the forecast period. The growth of the credit card category will be facilitated by the emergence of non-bank card issuers. The prepaid card category grew at a CAGR of 7.97% during the review period and is expected to grow at a CAGR of 4% over the forecast period. The charge card category posted a CAGR of -4.95% in volume terms in 2011 owing to declining demand from the corporate segment and is anticipated to decline at a CAGR of -2.22% over the forecast period.

Key Highlights

- NFC-enabled devices issued by telecom companies to increase scope of mobile payments

- Government efforts and customer deleveraging to decrease scope of credit cards

- Tax reforms to positively impact the debit card category

- Banks enhance marketing strategies

- Spin-off credit card units increase competition in the credit card category

- Growth of online retail sales an important driver of the cards and payments industry

Key Topics Covered:

1 Executive Summary

2 Market Attractiveness and Future Prospects of the Cards and Payments Industry

3 Analysis of the South Korean Cards and Payments Industry Drivers

4 Emerging Consumer Attitudes and Trends

5 Competitive Landscape and Industry Dynamics

6 Strategies Adopted by Key Competitors

7 Market Size and Growth Potential of Payment Card Industry

8 Company Profiles, Product and Marketing Strategies

9 Appendix

Companies Mentioned

  • Kookmin Bank
  • Hana Financial
  • Hyundai Department Stores
  • Shinsegae Department Stores
  • e-mart
  • Korean Exchange Bank Credit Service
  • Financial Services Commission
  • Alipay
  • PayPal
  • KOPS
  • buyKorea
  • Daegu Bank
  • Woori Bank
  • Citibank
  • Lotte World

For more information visit http://www.researchandmarkets.com/research/fxtfsq/emerging

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Cards

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Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Cards