As of December 2024, the number of registered users of open banking services in South Korea had reached approximately 203 million, including those with multiple accounts. This number has grown rapidly since the service was launched in December 2019.
Number of registered open banking users in South Korea from December 2020 to December 2023
(in millions)
Open banking refers to a banking system that allows customers to access financial services from multiple banks through a single smartphone application.
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Financial Services Commission (South Korea). (February 21, 2024). Number of registered open banking users in South Korea from December 2020 to December 2023 (in millions) [Graph]. In Statista. Retrieved June 07, 2025, from https://www.statista.com/statistics/1238251/south-korea-number-of-open-banking-users/
Financial Services Commission (South Korea). "Number of registered open banking users in South Korea from December 2020 to December 2023 (in millions)." Chart. February 21, 2024. Statista. Accessed June 07, 2025. https://www.statista.com/statistics/1238251/south-korea-number-of-open-banking-users/
Financial Services Commission (South Korea). (2024). Number of registered open banking users in South Korea from December 2020 to December 2023 (in millions). Statista. Statista Inc.. Accessed: June 07, 2025. https://www.statista.com/statistics/1238251/south-korea-number-of-open-banking-users/
Financial Services Commission (South Korea). "Number of Registered Open Banking Users in South Korea from December 2020 to December 2023 (in Millions)." Statista, Statista Inc., 21 Feb 2024, https://www.statista.com/statistics/1238251/south-korea-number-of-open-banking-users/
Financial Services Commission (South Korea), Number of registered open banking users in South Korea from December 2020 to December 2023 (in millions) Statista, https://www.statista.com/statistics/1238251/south-korea-number-of-open-banking-users/ (last visited June 07, 2025)
Number of registered open banking users in South Korea from December 2020 to December 2023 (in millions) [Graph], Financial Services Commission (South Korea), February 21, 2024. [Online]. Available: https://www.statista.com/statistics/1238251/south-korea-number-of-open-banking-users/
