List of banks in South Korea

This is a list of South Korean banks. The parenthesized number is the bank number.

This list is incomplete; you can help by expanding it.

Central bank

• Bank of Korea (001)

Government-run banks

• KDB Financial Group
  • Korea Development Bank (002)
• Industrial Bank of Korea (003)
• Korea Eximbank (008)

The following banks are not owned by the Korean government, but there organizations (NFAC-which is a sole shareholder of Nonghyup financial group and NFFC) are largely influenced by the Korean government.

• National Federation of Fisheries Cooperatives (007)

Nationwide banks

• Citigroup Korea
  • Citibank Korea (027)
• Hana Financial Group
  • Hana Bank KEB Hana Bank (005)(081)
• KB Financial Group
  • KB Kookmin Bank (004)
• Standard Chartered
  • Standard Chartered Korea (023)
• Shinhan Financial Group
  • Shinhan Bank (088)
• Woori Financial Group
  • Woori Bank (020)

Local banks

• 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
  • ko (035)

Foreign banks

Bank code for unlisted foreign banks is 051. These banks only handle wholesale banking; retail banks are listed in the section "Nationwide banks".

• Agricultural Bank of China
• Bank of America (060)
• China Construction Bank
• Wells Fargo
• The Bank of Tokyo-Mitsubishi UFJ (059)
• Deutsche Bank (055)
• JPMorgan Chase (057)
• Mizuho Corporate Bank (058)
• The Royal Bank of Scotland (056)
• National Bank of Pakistan

Representative banks

• Indian Overseas Bank

Other banking organizations

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 union (048)
• Korea Federation of Community Credit Cooperatives (045, 046, 085)
• National Forestry Cooperative Federation (064)
• Nonghyup Local Cooperatives (012)
• Mutual Savings Bank (050)
• Korea Post (071), Postal Financial Service by MSIP
• Korea Credit Guarantee Fund
• Suhyup Local Cooperatives (007)

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 (old)
    • Shinhan Bank (old, ~2006)
      • Dongwha Bank (~1998)
    • Chungbuk Bank (~1999)
    • Kangwon Bank (~1999)
• Hana Financial Group
  • Korea Exchange Bank (~2012)
  • Seoulbank (~2002)
  • Boram Bank (~1996)
  • Chungchong Bank (~1998)
• Citibank
  • KorAm Bank (~2004)
    • Kyonggi Bank

See also

• List of South Korean companies
• Economy of South Korea