According to a survey conducted in South Korea in 2019, around 37.6 percent of the respondents in their 20s said they preferred digital banks, the highest percentage across all age groups. It was clear to see that the preference for digital banks increased the younger the respondents were. Respondents over the age of 70 overwhelmingly preferred traditional banks, at 87 percent.
Preferred type of bank in South Korea in 2019, by age group
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Bank of Korea. (March 10, 2020). Preferred type of bank in South Korea in 2019, by age group [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/1235819/south-korea-preferred-type-of-bank-by-age/
Bank of Korea. "Preferred type of bank in South Korea in 2019, by age group." Chart. March 10, 2020. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/1235819/south-korea-preferred-type-of-bank-by-age/
Bank of Korea. (2020). Preferred type of bank in South Korea in 2019, by age group. Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/1235819/south-korea-preferred-type-of-bank-by-age/
Bank of Korea. "Preferred Type of Bank in South Korea in 2019, by Age Group." Statista, Statista Inc., 10 Mar 2020, https://www.statista.com/statistics/1235819/south-korea-preferred-type-of-bank-by-age/
Bank of Korea, Preferred type of bank in South Korea in 2019, by age group Statista, https://www.statista.com/statistics/1235819/south-korea-preferred-type-of-bank-by-age/ (last visited November 05, 2024)
Preferred type of bank in South Korea in 2019, by age group [Graph], Bank of Korea, March 10, 2020. [Online]. Available: https://www.statista.com/statistics/1235819/south-korea-preferred-type-of-bank-by-age/
