List of Banks in South Korea
Encyclopedia

Nationwide Banks

  • KB Financial Group
    • Kookmin Bank
      Kookmin Bank
      KB Kookmin Bank or KB is the largest bank by both asset value and market capitalization in South Korea.The bank is led by Kang Chung-Won who previously worked for Seoulbank and oversaw its sale to competitor Hana Bank before moving to Kookmin.Kookmin intended to take over Korea Exchange Bank, a...

       (004)
  • Shinhan Financial Group
    Shinhan Financial Group
    Shinhan Financial Group Co., Ltd. is a South Korean financial holding company. As of 2007, Shinhan is the largest financial company in Korea; Shinhan Bank, its main subsidiary, is the first among banks....

    • Shinhan Bank
      Shinhan Bank
      Shinhan Bank , is a bank, headquartered in Seoul, Korea. Historically it was the first bank in Korea, established under the name Hanseong Bank in 1897. The bank was reestablished in 1982. It is part of the Shinhan Financial Group, along with Jeju Bank...

       (088)
  • Hana Financial Group
    Hana Financial Group
    Hana Financial Group is the 4th largest commercial banking group in South Korea.The company originally began in 1971 as Korea Investment & Finance, the nation’s first financial company established with purely private capital...

    • Hana Bank (081)
  • Korea Exchange Bank
    Korea Exchange Bank
    Korea Exchange Bank is a specialized foreign exchange bank in South Korea. It is headquartered in Seoul, and was established in 1967.Korea Exchange Bank is the fifth largest bank in South Korea measured in assets and the largest foreign exchange bank in South Korea, providing the largest range of...

     (005)
  • Woori Finance Holdings Co., Ltd.
    • Woori Bank
      Woori Bank
      Woori Bank is a bank headquartered in Seoul, Korea. The bank changed its name in 2002, and includes the former Commercial Bank of Korea, Hanil Bank, and Peace Bank. It was known from 1999 through 2002 as Hanvit Bank...

       (020)

Special Banks

  • Korea Development Bank
    Korea Development Bank
    Korea Development Bank is a wholly state-owned policy bank in South Korea It was founded in 1954 in accordance with The Korea Development Bank Act to finance and manage major industrial projects to expedite industrial development and enhance the national economy. As Korea’s representative...

     (002)
  • Industrial Bank of Korea (003)
  • National Federation of Fisheries Cooperatives, Suhyup Bank (007)
  • National Agricultural Cooperative Federation
    Nonghyup
    The National Agricultural Cooperative Federation is a federation of agricultural cooperatives in South Korea.It delivers supply, processing, marketing, and banking services through more than 4000 branches...

    , NH Bank (011)
  • Export-Import Bank of Korea (008)

Local Banks

  • Woori Finance Holdings Co., Ltd.
    • Gwangju Bank (034)
    • Kyeongnam Bank (039)
  • Shinhan Financial Group
    Shinhan Financial Group
    Shinhan Financial Group Co., Ltd. is a South Korean financial holding company. As of 2007, Shinhan is the largest financial company in Korea; Shinhan Bank, its main subsidiary, is the first among banks....

    • Jeju Bank (035)
  • DGB Financial Group
    DGB Financial Group
    DGB Financial Group is a South Korean banking holding company headquartered in Daegu, Korea. Its flagship company, Daegu Bank, is one of the largest regional banks in the country, mostly serving customers in the Daegu-Gyeongbuk region.- Background :The group was founded on May 17, 2011 upon the...

     (031)
    • Daegu Bank
  • Jeonbuk Bank (037)
  • BS Financial Group
    • Busan Bank (032)

Other Banking Organizations

  • Credit Union
    Credit union
    A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...

     (048)
  • Korea Federation of Community Credit Cooperatives (045, 046, 085)
  • National Forestry Cooperative Federation (064)
  • Korea Post
    Ministry of Information and Communication
    The Ministry of Information and Communication or MIC is a ministry of the government of South Korea. Its headquarters are located in Jongno-gu, central Seoul. The current minister is Rho Jun-hyong, who began serving in March 2006.-External links:*...

     (071), Postal Financial Service by MKE

Foreign-owned Banks

Bank code for unlisted foreign banks is 051.
  • Bank of America
    Bank of America
    Bank of America Corporation, an American multinational banking and financial services corporation, is the second largest bank holding company in the United States by assets, and the fourth largest bank in the U.S. by market capitalization. The bank is headquartered in Charlotte, North Carolina...

     (060)
  • Wells Fargo, N.A.
  • Bank of Tokyo-Mitsubishi UFJ (059)
  • Citibank Korea
    Citibank Korea
    Citibank Korea is a South Korean subsidiary of Citigroup. It was founded as KorAm Bank in 1983, and Citibank acquired and merged it with its Seoul branch in 2003...

     (027)
  • Deutsche Bank
    Deutsche Bank
    Deutsche Bank AG is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets...

     (055)
  • The Hongkong and Shanghai Banking Corporation (054)
  • JPMorgan Chase (057)
  • Mizuho Corporate Bank
    Mizuho Corporate Bank
    , or MHCB, is the corporate and investment banking subsidiary of Mizuho Financial Group, the second-biggest Japanese financial services conglomerate...

     (058)
  • Royal Bank of Scotland
    Royal Bank of Scotland
    The Royal Bank of Scotland Group is a British banking and insurance holding company in which the UK Government holds an 84% stake. This stake is held and managed through UK Financial Investments Limited, whose voting rights are limited to 75% in order for the bank to retain its listing on the...

     (056)
  • SC First Bank
    SC First Bank
    SC First Bank is a bank headquartered in Seoul, South Korea. It was created by the acquisition of the former Korea First Bank by Standard Chartered Bank in 2005.-External links:*...

     (023)

M&A Tree

  • Kookmin Bank
    • Housing and Commercial Bank (~2001)
      • Dongnam Bank
    • Long-term Credit Bank (~1998)
  • Woori Financial Group
    • Woori Bank ← Hanvit Bank
      • Sangup Bank
      • Hanil Bank
    • Korea Peace Bank (~2001)
  • Shinhan Financial Group
    • Shinhan Bank (new) ← CHB Bank
      CHB Bank
      CHB Bank was a bank company headquartered in Seoul, South Korea. It was one of the oldest banks in Korea, having been established on February 1, 1897. CHB merged with Shinhan Bank in April, 2006.-See also:*List of Banks in South Korea...

       (old)
      • Shinhan Bank (old, ~2006)
        • Dongwha Bank (~1998)
      • Chungbuk Bank (~1999)
      • Gangwon Bank (~1999)
  • Hana Financial Group
    • Seoulbank (~2002)
    • Boram Bank (~1996)
    • Chungcheong Bank (~1998)
  • Citibank
    • Hanmi Bank (~2004)
      • Gyeonggi Bank

See also

  • List of South Korean companies
  • Economy of South Korea
    Economy of South Korea
    South Korea has a market economy which ranks 15th in the world by nominal GDP and 12th by purchasing power parity , identifying it as one of the G-20 major economies. It is a high-income developed country, with a developed market, and is a member of OECD...

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