Net income of domestic banks South Korea 2015-2023

Published by L. Yoon, Dec 6, 2024

In 2023, the net income of domestic banks in South Korea amounted to approximately 21.2 trillion South Korean won, showing an increase compared to the previous year. The decrease in 2020 was partly due to increased bad debt allowances as a result of the coronavirus (COVID-19) pandemic.

Net income of domestic banks in South Korea from 2015 to 2023 (in trillion South Korean won)

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Release date

August 2024

Region

South Korea

Survey time period

2015 to 2023

Supplementary notes

Includes commercial banks (nationwide and regional banks), specialized banks, and digital banks in South Korea. Foreign bank branches were excluded.

1,000 South Korean won equals 0.71 U.S. dollars or 0.68 euros as of December 2024.

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