South Korean financial industry is no stranger to digitalization, but the COVID-19 pandemic has clearly brought about another significant shift towards digital finance.
As of November 2021, the total value of assets under management of robo-advisors in South Korea amounted to about 1.9 trillion South Korean won, up from about 1.46 trillion South Korean won in the previous year. Robo-advisors are digital platforms that use algorithms and Big Data to provide online wealth management services. The Assets under management of robo-advisors in South Korea as of November 2021 (in trillion South Korean won)
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dongA.com. (January 14, 2022). Assets under management of robo-advisors in South Korea as of November 2021 (in trillion South Korean won) [Graph]. In Statista. Retrieved May 16, 2024, from https://www.statista.com/statistics/1127818/south-korea-assets-managed-by-roboadvisors/
dongA.com. "Assets under management of robo-advisors in South Korea as of November 2021 (in trillion South Korean won)." Chart. January 14, 2022. Statista. Accessed May 16, 2024. https://www.statista.com/statistics/1127818/south-korea-assets-managed-by-roboadvisors/
dongA.com. (2022). Assets under management of robo-advisors in South Korea as of November 2021 (in trillion South Korean won). Statista. Statista Inc.. Accessed: May 16, 2024. https://www.statista.com/statistics/1127818/south-korea-assets-managed-by-roboadvisors/
dongA.com. "Assets under Management of Robo-advisors in South Korea as of November 2021 (in Trillion South Korean Won)." Statista, Statista Inc., 14 Jan 2022, https://www.statista.com/statistics/1127818/south-korea-assets-managed-by-roboadvisors/
dongA.com, Assets under management of robo-advisors in South Korea as of November 2021 (in trillion South Korean won) Statista, https://www.statista.com/statistics/1127818/south-korea-assets-managed-by-roboadvisors/ (last visited May 16, 2024)
Assets under management of robo-advisors in South Korea as of November 2021 (in trillion South Korean won) [Graph], dongA.com, January 14, 2022. [Online]. Available: https://www.statista.com/statistics/1127818/south-korea-assets-managed-by-roboadvisors/