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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Open banking transaction value South Korea 2019-2024
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.
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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 ÌÇÐÄÆƽâ°æ. Retrieved August 01, 2026, from /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. ÌÇÐÄÆƽâ°æ. Accessed August 01, 2026. /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). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 01, 2026. /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)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 26 Mar 2025, /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) ÌÇÐÄÆƽâ°æ, /statistics/1238336/south-korea-value-of-money-transferred-via-open-banking/ (last visited August 01, 2026)
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: /statistics/1238336/south-korea-value-of-money-transferred-via-open-banking/
