List of banks in South Korea

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


Central bank[edit]

Government-run banks[edit]

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


Nationwide banks[edit]

Local banks[edit]

  • DGB Financial Group
    • Daegu Bank (031)
  • BS Financial Group
    • Busan Bank (032)
  • Kwangju Bank (034)
  • JB Financial Group
    • Jeonbuk Bank (037)
  • Kyongnam Bank (039)
  • Shinhan Financial Group

Foreign banks[edit]

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

Representative banks[edit]

Other banking organizations[edit]

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.

M&A tree[edit]

  • 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[edit]