Banks in South Korea

Hana Bank	KEB	Kookmin Bank	Nonghyup Bank	Shinhan Bank	Woori bank

• Bank of Korea – The central bank of South Korea. It was founded on June 12, 1950 under the Bank of Korea Act. The primary purpose of the Bank is to pursue price stability.
• Busan Bank – A regional bank in South Korea. It provides a complete range of financial services for personal customers. The main shareholders are Aberdeen Asset Management Asia, Lotte group, National Pension Service, Capital Research & Global Investors, Parkland and Templeton.
• DGB Financial Group – A South Korean banking holding company. Its flagship company, Daegu Bank, is one of the largest regional banks in the country, mostly serving customers in the Daegu-Gyeongbuk region. The Group was established in May 2011 and is headquartered in Daegu.
• Industrial Bank of Korea (IBK) – IBK provides commercial banking services to small and mid-sized companies. The bank leads South Korea in small business loans, which represents some 80% of its lending portfolio. The government owns a 57.7% majority in IBK.
• Hana Financial Group – The fourth largest commercial banking group in South Korea after Shinhan Financial Group, Kookmin Bank, and Woori Financial Group (WF).
• KEB (Korea Exchange Bank) – KEB was established in 1967 and is the fifth largest Korean commercial bank in terms of local banking system deposits. The bank mainly operates in Korea.
• KB Kookmin Bank – One of the largest bank by both asset value and market capitalization in South Korea. The Bank has received the highest rating of AAA from two local credit rating agencies, National Information & Credit Evaluation and Korean Investors Service Inc.
• KDB (Korea Development Bank) – A wholly state-owned bank. It was founded in 1954 in accordance with Korea Development Bank Act to finance and manage major industrial projects and enhance the national economy.
• Kwangju Bank – A regional bank that is located in Kwangju City Korea.
• Korea International Merchant  – Korea International Merchant Bank merged with KEB on 1 January 1999.
• Nonghyup bank – The Bank for Korean farmers.
• Shinhan Bank – One of the largest banks in South Korea with over 1,000 locations nationwide. It is the main subsidiary of Shinhan Financial Group.
• The Export-Import Bank of Korea (KEXIM) – One of Korea’s three policy banks. It is an official export credit agency providing export credit and guarantee programs to support the international business development of Korean companies. The bank has 10 local branches and 12 overseas offices.
• Woori Bank – One of the largest commercial banks in the country. It owns regional banks Kyongnam Bank and Kwangju Bank.

The Largest Korean Banks