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Industry Report

Industry reports, briefs issued by Samsung Economic Research Institute

Prospects for Online Financial Services

Prospects for Online Financial Services

LEE Yong-Hwa

May 16, 2005

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Online financial services made their debut in Korea in the late 1990s following the advanced economies of the US and Europe. But Korea soon outpaced them, riding on the fast distribution of its Internet. Consider the case of online stock trading. Between 1999 and early 2001, online trading claimed more than 60% of total stock trading. Since the end of 2003, it has remained steady at a 40 to 60% level.


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