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Trading

List of Banks in South Korea

Published by Gbaf News

Posted on June 13, 2012

1 min read

· Last updated: November 12, 2018

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Banking Central Banks Digital banking Wealth Management

Woori Bank

Kookmin Bank

Shinhan Bank

Standard Chartered Bank Korea

Hana Bank

Suhyup (or Su-hyeop, the National Federation of Fisheries Cooperatives)
KEB Korea Exchange Bank- is the biggest exchange bank in Korea.
Busan Bank
Korea Post
Jeju Bank
Jeonbuk Bank
Korea Development Bank (KDB)
Industrial Bank of Korea (IBK)
Daegu Bank
Korea Federation of Community Credit Cooperatives
Deutsche Bank
Nonghyup (National Agricultural Cooperative Federation of Korea)
Bank of Korea
Citibank
Korea Exchange Bank
Hong Kong and Shanghai Banking Corporation (HSBC)
Credit Union

Woori Bank

Kookmin Bank

Shinhan Bank

Standard Chartered Bank Korea

Hana Bank

Key Takeaways

South Korea’s banking sector includes central, specialized, commercial, regional, internet-only, and foreign banks.
Major domestic banks include KB Kookmin, Shinhan, Hana, Woori, and state-owned institutions like KDB, IBK, EximBank.
Internet-only banks such as K Bank, KakaoBank, and Toss Bank are key modern players.
Foreign banks like Citibank Korea, Deutsche Bank, and HSBC operate significant branches.
Specialized and cooperative banks include Nonghyup, Suhyup, and community credit cooperatives.

References

Frequently Asked Questions

What is the central bank of South Korea?

The central bank of South Korea is the Bank of Korea, responsible for monetary policy and price stability.

Which banks are internet-only in South Korea?

Internet-only banks in South Korea include K Bank, KakaoBank, and Toss Bank.

What are some state-owned specialized banks?

State-owned specialized banks include Korea Development Bank, Industrial Bank of Korea, and Export‑Import Bank of Korea.

Do foreign banks operate in South Korea?

Yes. Foreign bank branches operating in South Korea include Citibank Korea, Deutsche Bank, HSBC, and many others.

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List of Banks in South Korea

Key Takeaways

References

Frequently Asked Questions

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