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Spatial Analysis of Bank's ATMs in Korea  

Lee, Hay-Won (Dept. of Geography, Clark University)
Publication Information
Journal of the Korean Geographical Society / v.39, no.5, 2004 , pp. 755-767 More about this Journal
Abstract
Based on a case study of bank's Automatic Teller Machines (ATMs) in Korea, this paper attempts to reveal dynamic changes occurring across the financial landscape with special emphasis on distribution pattern and location factors. Since the distribution of ATMs showed a concentrated pattern similar to that of bank branches, location quotients were examined to consider the effect of branches on ATM distribution. Furthermore, this study identified four factors that play pivotal roles in the location of ATMs. Compared to branch, location of ATM was more closely related to the population and demand factor, while the importance of local economy base and local economic power factor was reduced to some degree. This difference is attributable to the peculiar characteristic of the services offered by ATM. Lastly, demand factor turned out to be most influential in determining the ratio of ATMs to branches in each district, since lower deployment and operation costs allow ATMs to be more flexibly placed where demand for cash services is high.
Keywords
ATM; bank branch; spatial distribution; location quotient; location factor;
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