Seoul Financial Hub is pleased to announce the release of 'Seoul Finance Snapshot #7', delivering the latest financial news from Seoul. We kindly ask for your attention to this publication, where financial information about the city is provided.

In this issue, we introduce leasing company, new technology financing company, credit card company, and installment financing company that engage in credit-specialized finance among domestic financial companies. You can check the distribution status centered on Seoul and the leading companies based on total assets and net profit.

○ Leasing company

- Definition: A company engaged in the financial business of handling or leasing certain items, allowing the trading partner to use them for a specific period.

- Current Status: There are currently 26 leasing companies, with 65.4% located in Seoul. The top 3 companies based on total assets are KB Capital, Shinhan Capital, and Hyundai Commercial. Notably, BMW Group Financial Services Korea showed the highest growth rate compared to the previous year.

○ New Technology Financing company

- Definition: Financial companies that comprehensively engage in investing, lending, management, guidance in technological businesses, establishing technology business investment associations and managing the funds of such associations

- Current Status: There are presently 101 new technology financing companies, with 93% located in Seoul. The top 3 companies based on total assets are IBK Capital, Mirae Asset Capital, and Kiwoom Capital. Particularly, Kiwoom Capital showed the highest growth rate compared to the previous year.

○ Credit Card company

- Definition: Financial companies responsible for the issuance and management of credit cards, payment of credit-related dues, and the recruitment and management of credit card merchants.

- Current Status: All 8 credit card companies in South Korea are located in Seoul. The top 3 companies based on total assets are Shinhan Card, Samsung Card, and KB Kookmin Card. Hana Card showed the highest growth rate compared to the previous year.

○ Installment Financing Company

- Definition: Financial companies involved in buying and selling goods and services through installment financing. They enter into agreements with buyers and sellers, where buyers make payments to sellers for the purchased goods or services in installments.

- Current Status: There are currently 25 installment finance companies, with 80% located in Seoul. The top 3 companies based on total assets are Hyundai Capital, Hana Capital, and Woori Financial Capital. Mercedes-Benz Financial Services Korea showed the highest growth rate compared to the previous year.

Detailed information can be found in the infographic,

and by clicking on the map, you can directly check the location status of each financial company in Seoul on Google Maps.