Korea Exchange Bank
KEB headquarters in Seoul  

Korea Exchange Bank

Korea Exchange Bank (KEB) was the fifth largest Korean bank based on local banking deposits with about 7% share. It provided commercial, merchant and trust banking facilities as well as foreign exchange services to individuals, small- and medium-sized enterprises, and corporate clients. It operated 326 domestic and 36 overseas branches in 22 other countries. KEB’s shares have been traded on the Korea Stock Exchange since 1994. As of December 2008, Lone Star, a US private equity firm, was the largest shareholder with a 51.02% stake in the Bank. KEB was one of the very few specialized banks in South Korea that buy and sell foreign currency coinage. Even though South Korea is an economically-free area and many other commercial banks in South Korea such as Kookmin Bank and Shinhan Bank provide foreign exchange services, KEB earned the largest income from foreign exchange products, as many people still think Korea Exchange Bank as the only foreign exchange bank, or that their services are most accessible. 40% of South Korea's foreign exchange income is held by Korea Exchange Bank. The Bank was founded in 1967 by the Korean Government and privatized in December 1989. In February 2012, Hana Financial Group completed acquisition of Korea Exchange Bank from Lone Star Funds and Export Import Bank of Korea. As of March 2013, KEB had total assets of KRW 105.466 trillion (US$95 billion) and deposits of KRW 66.432 trillion (US$60 billion).

In September 2015, Korea Exchange Bank and Hana Bank were being consolidated as a new Bank, named KEB Hana Bank. The new bank have over 900 branches including approximately 30 overseas branches.

KEB Hana Bank overseas branches

Head office address:
KEB Hana Bank
66 Euljiro, Jung-gu, Seoul
South Korea
Phone number: 1599 6111
Overseas: 82 42 520 2500
Website: www.kebhana.com