Usage rate of internet-only banks South Korea 2023, by age

Published by L. Yoon, Jan 23, 2024
According to a survey conducted in South Korea from February to July 2023, around 72 percent of respondents in their twenties as well as those in their thirties stated that they had used banking services of digital (direct) banks in the past 12 months. This was followed by respondents in their forties with around 59 percent.

Usage rate of services of digital banks in South Korea as of July 2023, by age group

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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

Respondents count by age bracket was as follows:
13-18 years: 615
19-29 years: 717
30-39 years: 692
40-49 years: 843
50-59 years: 904
60+ years: 1,431

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