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Number of Banks in South Korea

Source: IMF
Last Updated: June 19, 2023

Number of banks reached 54.0 banks in 2021 in South Korea, according to the National Central Bank. This is 0% more 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 53.0 banks in 2006.

South Korea has been ranked 19th within the group of 92 countries we follow in terms of number of banks.

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