Boston, MA -- (SBWIRE) -- 02/05/2013 -- The South Korean cards and payments industry grew at a CAGR of 6.39% during the review period (2008-2012). The debit card category accounted for a CAGR of 5.21%. Over the forecast period (2013-2017) the debit card category is expected to grow at a CAGR of 4.02%. The credit card category occupied the second-largest share during the review period and grew at a CAGR of 7.29% and is expected to grow at a CAGR of 2.24% over the forecast period. The growth of the credit card category will be facilitated by the emergence of non-bank card issuers. The prepaid card category grew at a CAGR of 7.97% during the review period and is expected to grow at a CAGR of 4% over the forecast period. The charge card category posted a CAGR of -4.95% in volume terms in 2011 owing to declining demand from the corporate segment and is anticipated to decline at a CAGR of -2.22% over the forecast period.

- NFC-enabled devices issued by telecom companies to increase scope of mobile payments
- Government efforts and customer deleveraging to decrease scope of credit cards
- Tax reforms to positively impact the debit card category
- Banks enhance marketing strategies
- Spin-off credit card units increase competition in the credit card category
- Growth of online retail sales an important driver of the cards and payments industry

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- This report provides a comprehensive analysis of South Korea's cards and payments industry
- It provides current values for South Korea's cards and payments industry for 2012 and forecast figures for 2017
- It details the different macroeconomic, infrastructural, consumer and business drivers affecting South Korea's cards and payments industry
- It outlines the current regulatory framework in the industry
- It details the marketing strategies used by various bankers and other institutions
- It profiles the major banks operating in South Korea's cards and payments industry

- Make strategic business decisions using historic and forecast market data related to South Korea's cards and payments industry and each market within it
- Understand the key market trends and growth opportunities within South Korea's cards and payments industry
- Assess the competitive dynamics in South Korea's cards and payments industry
- Gain insights into the marketing strategies used for selling various categories of cards in South Korea
- Gain insights into key regulations governing South Korea's cards and payments industry

Companies Mentioned in this Report: Kookmin Bank, Hana Financial, Hyundai Department Stores, Shinsegae Department Stores, e-mart, Korean Exchange Bank Credit Service, Financial Services Commission, Alipay, PayPal, KOPS, buyKorea, Daegu Bank, Woori Bank, Citibank, Lotte World

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