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The Global Credit Literacy Index
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Country profile · Edition 1

🇰🇷South Korea

Asia

Score

75.5

Rank

11 of 46

Overview

South Korea ranks 11th of 46 economies, with a score of 75.5 out of 100. It is 1st of 11 ranked economies in Asia.

Strongest: Innovation, Government support and Financial education (100). Weakest: Credit literacy (33); Public awareness and Youth education (50).

Dimension scores

Credit literacyCredit accessFinancial inclusionDigital bankingInnovationConsumer protectionGovernment supportFinancial educationYouth educationPublic awareness0255075100
Credit literacy33.0
Credit access68.6
Financial inclusion89.0
Digital banking97.9
Innovation100.0
Consumer protection83.3
Government support100.0
Financial education100.0
Youth education50.0
Public awareness50.0

Dimensions with no score are left out of the overall score, never counted as zero.

Not yet measured: Reporting transparency, Alternative infrastructure.

Survey indicators

33%33% of adults answered at least 3 of 4 financial concepts correctly (S&P Global FinLit, 2014)
96%96% of credit card users pay their balance in full (Findex, 2021)
68.6%69% of adults borrowed from a formal institution or via mobile money in the past year (Findex, 2021)
96.9%97% of adults have an account (Findex, 2024)
81%81% could raise emergency funds within 30 days without great difficulty (Findex, 2021)
97.9%98% of adults made or received a digital payment (Findex, 2021)

Youth education policy: partial

Financial education is in the school curriculum only in some regions, or as an optional or pilot subject. There is no standalone course or graduation requirement. The national financial education strategy names young people or schools as a priority.

Policy dimensions record whether a policy exists, not how well it works.