Number of banks reached 54.0 banks in 2019 in South Korea, according to the National Central Bank. This is 3.57 % less than in the previous year.
Historically, number of banks in South Korea reached an all time high of 58.0 banks in 2016 and an all time low of banks in. When compared to South Korea's main peers, number of banks in China amounted to 193 banks, 116 banks in Japan and 46.0 banks in Vietnam in 2019.
South Korea has been ranked 31st within the group of 140 countries we follow in terms of number of banks.