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Report

South Korea Precious Metals Market Report and Forecast 2025-2034

Market Report I 2025-06-06 I 130 Pages I EMR Inc.

The South Korea precious metals market is projected to grow at a CAGR of 6.30% between 2025 and 2034. The market is being aided by the growing use of precious metals in renewable energy production.

South Korea Precious Metals Market Growth

Gold is regarded as a critical safe haven asset among South Koreans. The Korea Minting and Security Printing Corporation collaborated with CU (South Korea's largest retail chain of stores) to manufacture and distribute mini gold bars to South Korean consumers through vending machines and retail stores.

The record increase in gold prices (456,000 won for 3.75 grams), coupled with the 5% depreciation of the Won against the greenback have led consumers to make increasing investments in mini-gold bars, which sell at 77,000 won/0.5 grams. These nail-sized gold bars appeal to consumers through their customised messages for birthdays and congratulatory wishes.

The demand for platinum in South Korea is expected to reach 300 koz p.a. by 2030 due to increasing emphasis on green hydrogen production. Platinum is an integral component of PEM electrolysers because it reduces the energy required for making hydrogen and hydroxide ions during the hydrogen evolution reaction, thereby catalysing the process. Moreover, as the South Korean automotive industry strives to manufacture 30,000 heavy-duty and 1.8 million light-duty fuel cell electric vehicles, the demand for platinum is expected to reach 230 koz, thereby fuelling the market growth.

South Korea Precious Metals Industry Segmentation

South Korea Precious Metals Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

- Gold
- Silver
- Palladium
- Platinum
- Rhodium

South Korea Precious Metals Market Share

Based on end use, the market can be segmented into gold, silver, palladium, platinum, and rhodium. Over the forecast period, gold is expected to account for a major portion of the market revenue. However, the demand for silver is expected to receive a significant boost as the healthcare sector focuses on creating advanced antibacterial and antiviral masks using silver nanoparticles encased in polysaccharides.

Leading Companies in the South Korea Precious Metals Market

The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.

- LT METAL LTD.

- LS MnM Inc.

- KOREAZINC

- Others

Major players operating in the market are expanding their digital presence to transform customer engagement and experience.

1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Asia Pacific Precious Metals Market Overview
5.1 Key Industry Highlights
5.2 Asia Pacific Precious Metals Historical Market (2018-2024)
5.3 Asia Pacific Precious Metals Market Forecast (2025-2034)
5.4 Asia Pacific Household Cleaning Products Market Share by Country
5.4.1 China
5.4.2 Japan
5.4.3 India
5.4.4 ASEAN
5.4.5 Australia
5.4.6 South Korea
5.4.7 Others
6 South Korea Precious Metals Market Overview
6.1 Key Industry Highlights
6.2 South Korea Precious Metals Historical Market (2018-2024)
6.3 South Korea Precious Metals Market Forecast (2025-2034)
7 South Korea Precious Metals Market by Type
7.1 Gold
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Silver
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 Palladium
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
7.4 Platinum
7.4.1 Historical Trend (2018-2024)
7.4.2 Forecast Trend (2025-2034)
7.5 Rhodium
7.5.1 Historical Trend (2018-2024)
7.5.2 Forecast Trend (2025-2034)
8 Market Dynamics
8.1 SWOT Analysis
8.1.1 Strengths
8.1.2 Weaknesses
8.1.3 Opportunities
8.1.4 Threats
8.2 Porter's Five Forces Analysis
8.2.1 Supplier's Power
8.2.2 Buyers Powers
8.2.3 Threat of New Entrants
8.2.4 Degree of Rivalry
8.2.5 Threat of Substitutes
8.3 Key Indicators for Demand
8.4 Key Indicators for Price
9 Competitive Landscape
9.1 Supplier Selection
9.2 Key Global Players
9.3 Key Regional Players
9.4 Key Player Strategies
9.5 Company Profiles
9.5.1 LT METAL LTD.
9.5.1.1 Company Overview
9.5.1.2 Product Portfolio
9.5.1.3 Demographic Reach and Achievements
9.5.1.4 Certifications
9.5.2 LS MnM Inc.
9.5.2.1 Company Overview
9.5.2.2 Product Portfolio
9.5.2.3 Demographic Reach and Achievements
9.5.2.4 Certifications
9.5.3 KOREAZINC
9.5.3.1 Company Overview
9.5.3.2 Product Portfolio
9.5.3.3 Demographic Reach and Achievements
9.5.3.4 Certifications
9.5.4 Others

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