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This is a list of South Korean banks. The parenthesized number is the bank number.
| | This article needs additional citations for verification .(November 2023) |
This is a list of South Korean banks. The parenthesized number is the bank number.
Specialized banks are financial institutions established under a special act, not the Korean Banking Act. [1] 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.[ according to whom? ]
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As of 2023, 34 foreign bank branches are affiliated with the Federation of Korean Banks as associate members. [2] The GIRO code for unlisted foreign banks is 051.
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. [1]
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.
Kookmin Bank (Korean: 국민은행), also known as KB Kookmin Bank, is a bank headquartered in Seoul, South Korea. It was the largest bank in Korea and the 60th largest in the world as of 2017. The name Kookmin Bank is a contraction of Citizens National Bank, an English name by which it also used to be referred to in the past.
Shinhan Financial Group Co., Ltd. is a financial holding company headquartered in Seoul, South Korea. Its subsidiaries provide a full range of financial services, including banking, securities, life insurance, and investment banking. It is one of Korea's so-called Big Five financial groups, along with KB Financial Group, NH Financial Group, Hana Financial Group, and Woori Financial Group.
BC Card (Korean: 비씨카드) is a South Korean financial services company headquartered in Seoul. South Korea's largest payment processing company, it provides end-to-end payment services, primarily to financial institutions, as well as to local merchants through its subsidiary company Smartro; credit cards, debit cards and prepaid cards; local brand network operation under the brand of "BC"; card issuing BPO to financial institutions; as well as Internet commerce and mobile payment solutions.
Woori Bank is a Korean multinational bank headquartered in Seoul. It is one of the four largest domestic banks in South Korea and has a strong presence in commercial banking and corporate finance in the Republic of Korea. Tracing its roots to the Daehan Cheon-il Bank, founded in 1899, it went through multiple transformations until adopting its current name in 2002. By then, it was South Korea's second-largest bank, behind Kookmin Bank.
Shinhan Bank Co., Ltd. is a bank headquartered in Seoul, South Korea. It was founded under that name in 1982, but through its merger with Chohung Bank in 2006, traces its origins to the Hanseong Bank, one of the first banks to be established in Korea. It is part of the Shinhan Financial Group, along with Jeju Bank. As of June 30, 2016, Shinhan Bank had total assets of ₩298.945 trillion, total deposits of ₩221.047 trillion and loans of ₩212.228 trillion. Shinhan Bank is the main subsidiary of Shinhan Financial Group (SFG).
Hana Bank, known from its initial establishment in 1971 to 1991 as Korea Investment Finance Corporation, is one of South Korea's largest banks. It merged with Seoul Bank in 2002, then with Korea Exchange Bank in 2015, and was branded KEB Hana Bank from 2015 to 2019. It is a subsidiary of Hana Financial Group.
K-CASH is an electronic money system established by 'Korea Financial Telecommunication and Clearings Institute'.
Financial services in South Korea refers to the services provided in ROK by the finance industry: banks, investment banks, insurance companies, credit card companies, consumer finance companies, government sponsored enterprises, and stock brokerages.
The South Korean National Agricultural Cooperative Federation was established in 1961 to enhance the social and economic status of its membership and to promote a balanced development of the national economy. Its role is divided into three areas: marketing and supply, banking and insurance, and extension services.
Phnom Penh Commercial Bank is a public bank of Cambodia. The bank was founded on 1 September 2008 with US$15m in paid in capital. The head office of the bank is located at #217, Norodom Blvd, Sangkat Tonle Bassac, Khan Chomkarmon.
NH Investment & Securities Co., Ltd. is one of the largest securities firms in Korea, offering a broad range of financial services, encompassing wealth management, investment banking, brokerage and merchant banking through 121 domestic branches and overseas subsidiaries.
DGB Financial Group Co., Ltd. is financial holding company headquartered in Daegu, South Korea. Its flagship company, Daegu Bank, is one of the largest regional banks in the country, mostly serving customers in the Daegu-Gyeongbuk region.
KB Financial Group Inc. is a financial holding company headquartered in Seoul, South Korea. The Group and its subsidiaries provide a broad range of banking and financial services. It is one of the domestic systemically important banks (D-SIBs) identified by the Financial Services Commission.
Nonghyup Bank or NH Bank is a specialized agricultural bank in Korea and is in charge of financial services, headquartered in Jung-gu, Seoul, South Korea. The bank was established by the split-off of the credit and banking business from National Agricultural Cooperative Federation (“NACF”) on March 2, 2012. It is now owned by the Nonghyup Financial Group. The predecessor of Nonghyup Bank started as Agricultural Bank established in 1907 as a financial association.
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