In 2024, the average daily value of money transferred via open banking in South Korea amounted to around *** trillion South Korean won, up from about *** trillion won in the previous year. The value of open banking transactions has rapidly increased since the service was launched in December 2019.
Open banking refers to a banking system that allows customers to access financial services from multiple banks through a single smartphone application.
1,000 South Korean won equals 0.72 U.S. dollars or 0.64 euros as of May 2025.
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Bank of Korea. (March 26, 2025). Average daily value of open banking transactions in South Korea from 2019 to 2024 (in trillion South Korean won) [Graph]. In Statista. Retrieved June 27, 2025, from https://www.statista.com/statistics/1238336/south-korea-value-of-money-transferred-via-open-banking/
Bank of Korea. "Average daily value of open banking transactions in South Korea from 2019 to 2024 (in trillion South Korean won)." Chart. March 26, 2025. Statista. Accessed June 27, 2025. https://www.statista.com/statistics/1238336/south-korea-value-of-money-transferred-via-open-banking/
Bank of Korea. (2025). Average daily value of open banking transactions in South Korea from 2019 to 2024 (in trillion South Korean won). Statista. Statista Inc.. Accessed: June 27, 2025. https://www.statista.com/statistics/1238336/south-korea-value-of-money-transferred-via-open-banking/
Bank of Korea. "Average Daily Value of Open Banking Transactions in South Korea from 2019 to 2024 (in Trillion South Korean Won)." Statista, Statista Inc., 26 Mar 2025, https://www.statista.com/statistics/1238336/south-korea-value-of-money-transferred-via-open-banking/
Bank of Korea, Average daily value of open banking transactions in South Korea from 2019 to 2024 (in trillion South Korean won) Statista, https://www.statista.com/statistics/1238336/south-korea-value-of-money-transferred-via-open-banking/ (last visited June 27, 2025)
Average daily value of open banking transactions in South Korea from 2019 to 2024 (in trillion South Korean won) [Graph], Bank of Korea, March 26, 2025. [Online]. Available: https://www.statista.com/statistics/1238336/south-korea-value-of-money-transferred-via-open-banking/
