South Korea Gift Cards Market Size & Outlook, 2025-2030
South Korea Gift Cards Market Size
According to Straits Research analysis, the South Korea Gift Cards Market was valued at USD 45.38 Billion in 2024 and is projected to reach USD 118.85 Billion by 2030, expanding at a CAGR of 17.2% during the forecast period. As digital transformation makes significant strides in South Korea, various industries such as retail, entertainment, agriculture, chemicals, and energy are leveraging gift cards as a crucial customer engagement tool. The rising adoption of smart farming in agriculture and eco-friendly initiatives in the chemical industry, powered by gift card incentives, is driving this surge in demand. Technological advancements are paving the way for customisable and digital gift cards, providing remarkable growth opportunities. South Korea’s export potential further amplifies this growth. By integrating gift cards into their strategy, South Korea is positioning itself as a leading player in the global gift card market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
South Korea Gift Cards Market Highlights
- By 2024, Open-loop Card represented the largest share of the Card Type market size.
- Closed-loop Card is expected to remain the key growth driver within Card Type, registering the fastest CAGR during the forecast period.
- South Korea accounted for 3.76% of the global gift cards market size in 2024.
- By 2030, United States is expected to remain the top global market in terms of size.
- Within Asia Pacific, China is forecasted to dominate the regional gift cards market size by 2030.
- India will be the fastest-growing market in Asia Pacific, projected to achieve USD 2354.6 Billion by 2030.
South Korea Gift Cards Market Revenue Share 2024
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2021-2030 |
| Historical Period | 2021-2023 |
| Forecast Period | 2025-2030 |
| Market Size In 2024 | USD 45.38 Billion |
| Market Size In 2030 | USD 118.85 Billion |
| Largest segment | Open-loop Card |
| Fastest segment | Closed-loop Card |
| Units | Revenue in USD Billion |
| CAGR | 17.2% (2025-2030) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
South Korea Gift Cards Market Share By Card Type
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Card Type |
|
| End-User |
|
South Korea Gift Cards Market By Card Type 2030
Source: Straits Research Analysis Company Publications, Primary Interviews.
South Korea Gift Cards Market By End-User 2030
Source: Straits Research Analysis Company Publications, Primary Interviews.
