Mobile banking services usage rate South Korea 2023, by income

Published by L. Yoon, Jul 1, 2024
According to a survey conducted in South Korea from February to July 2023, about 86 percent of respondents with a monthly household income of more than six million South Korean won said they had used mobile banking services in the past 12 months. Among respondents earning less than three million South Korean won, the figure was around 45 percent.

Usage rate of mobile banking services in South Korea as of July 2023, by monthly household income

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Release date

August 2023

Region

South Korea

Survey time period

February to July 2023

Number of respondents

5,202 respondents

Age group

13 years and older

Special properties

within the past 12 months

Method of interview

Computer-assisted personal interviews (CAPI)

Supplementary notes

1,000 South Korean won equals 0.77 U.S. dollars or 0.70 euro as of December 2023.

Figures have been rounded.

Respondents count by income bracket was as follows:
Under 3m KRW: 966
3m-3.9m KRW: 809
4m-4.9m KRW: 844
5m-5.9m KRW: 1,111
6m+ KRW: 1,472

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