In 2020, around 94 percent of people aged 40 to 49 years in South Korea used online banking services. This was followed by people in their 50s and 60s with around 79 and 51 percent, respectively. While the overal usage rate increased sharply year-on-year across all age groups, the nearly twofold increase among people in their 60s is notable.
Share of middle-aged people using online banking in South Korea from 2019 to 2020, by age group
Characteristic
40-49 years old
50-59 years old
60-69 years old
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Ministry of Science and ICT (South Korea). (March 3, 2021). Share of middle-aged people using online banking in South Korea from 2019 to 2020, by age group [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1235739/south-korea-middle-aged-people-using-online-banking-by-age/
Ministry of Science and ICT (South Korea). "Share of middle-aged people using online banking in South Korea from 2019 to 2020, by age group." Chart. March 3, 2021. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1235739/south-korea-middle-aged-people-using-online-banking-by-age/
Ministry of Science and ICT (South Korea). (2021). Share of middle-aged people using online banking in South Korea from 2019 to 2020, by age group. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1235739/south-korea-middle-aged-people-using-online-banking-by-age/
Ministry of Science and ICT (South Korea). "Share of Middle-aged People Using Online Banking in South Korea from 2019 to 2020, by Age Group." Statista, Statista Inc., 3 Mar 2021, https://www.statista.com/statistics/1235739/south-korea-middle-aged-people-using-online-banking-by-age/
Ministry of Science and ICT (South Korea), Share of middle-aged people using online banking in South Korea from 2019 to 2020, by age group Statista, https://www.statista.com/statistics/1235739/south-korea-middle-aged-people-using-online-banking-by-age/ (last visited August 25, 2024)
Share of middle-aged people using online banking in South Korea from 2019 to 2020, by age group [Graph], Ministry of Science and ICT (South Korea), March 3, 2021. [Online]. Available: https://www.statista.com/statistics/1235739/south-korea-middle-aged-people-using-online-banking-by-age/