- Source: List of banks in South Korea
This is a list of South Korean banks. The parenthesized number is the bank number.
Central bank
Bank of Korea (001)
Specialized banks
Specialized banks are financial institutions established under a special act, not the Korean Banking Act. The South Korean government owns the majority of its shares in the Korea Development Bank, Industrial Bank of Korea, and Korea Eximbank. Suhyup Bank and Nonghyup Bank are not owned by the Korean government, but their organizations (NFAC – which is a sole shareholder of Nonghyup Financial Group – and NFFC) are largely influenced by the Korean government.
Export-Import Bank of Korea (008)
Industrial Bank of Korea (003)
Korea Development Bank (002)
Nonghyup Bank (011)
Suhyup Bank (007)
Commercial banks
= Nationwide
=Citigroup
Citibank Korea (027)
Hana Financial Group
Hana Bank (081)
KB Financial Group
Kookmin Bank (004)
Standard Chartered
Standard Chartered Korea (023) (trading as SC First)
Shinhan Financial Group
Shinhan Bank (088)
Woori Financial Group
Woori Bank (020)
= Local
=DGB Financial Group
Daegu Bank (031)
BNK Financial Group
Busan Bank (032)
Kyongnam Bank (039)
JB Financial Group
Kwangju Bank (034)
Jeonbuk Bank (037)
Shinhan Financial Group
Jeju Bank (035)
= Internet-only
=K Bank (089)
KakaoBank (090)
Toss Bank (092)
= Foreign bank branches
=As of 2023, 34 foreign bank branches are affiliated with the Federation of Korean Banks as associate members. The GIRO code for unlisted foreign banks is 051.
Non-bank depository institutions
In comparison to commercial banks, non-bank deposit-taking institutions have a narrower scope of business activities. They are established for limited purposes and governed by distinct regulations concerning their fund-raising and management. Payment and settlement services may be limited or non-existent, and their business focuses are constrained in accordance with each institution's unique characteristics.
Strictly, these institutions are not banks, but have a similar purpose and are widely recognised as a kind of bank. These institutions cannot use the name "bank" except (according to the 2010 Mutual Savings Banks Act) the Mutual Savings Bank.
= Credit cooperatives
=Korea Federation of Community Credit Cooperatives (045, 046, 085)
National Agricultural Cooperative Federation (012)
National Credit Union Federation of Korea (048)
National Federation of Fisheries Cooperatives (007)
National Forestry Cooperative Federation (064)
= Mutual savings bank (050)
=OK Savings Bank
Pepper Savings Bank
SBI Savings Bank
= Postal saving
=Korea Post (071), Postal Financial Service by MSIP
M&A tree
KB Kookmin Bank
Kookmin Bank (old, ~2001)
Daedong Bank (~1998)
Long-term Credit Bank (~1998)
Housing and Commercial Bank (~2001)
Dongnam Bank (~1998)
Woori Bank
Woori Bank ← Hanvit Bank
Korea Commercial Bank
Hanil Bank
Korea Peace Bank (~2001)
Shinhan Bank
Chohung Bank (~2006)
Chungbuk Bank (~1999)
Kangwon Bank (~1999)
Shinhan Bank (old, ~2006)
Dongwha Bank (~1998)
KEB Hana Bank
Korea Exchange Bank (~2012)
Seoul Bank (~2002)
Boram Bank (~1996)
Chungchong Bank (~1998)
Citibank Korea
Citibank N.A. Seoul branch (~2004)
KorAm Bank (~2004)
Kyungki Bank
See also
List of banks in Asia
List of South Korean companies
Economy of South Korea
References
External links
Korea Federation of Banks
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- List of banks in South Korea
- Bank of Korea
- Economy of South Korea
- Industrial Bank of Korea
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- List of largest companies of South Korea
- Kookmin Bank
