List of banks in South Korea

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

Central bank

• Bank of Korea (001)

Specialized banks

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.

• Export-Import Bank of Korea (008)
• Industrial Bank of Korea (003)
• Korea Development Bank (002)
• Nonghyup Bank (011)
• Suhyup Bank (007)

Commercial banks

Non-bank depository institutions

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.

M&A tree

• KB Kookmin Bank
• Kookmin Bank (old, ~2001)
• Daedong Bank (~1998)
• Long-term Credit Bank (~1998)
• Housing and Commercial Bank (~2001)
• Dongnam Bank (~1998)
• Woori Bank
• Woori Bank ← Hanvit Bank
• Korea Commercial Bank
• Hanil Bank
• Korea Peace Bank (~2001)
• Shinhan Bank
• Chohung Bank (~2006)
• Chungbuk Bank (~1999)

See also

• List of banks in Asia
• List of South Korean companies
• Economy of South Korea

External links

• Korea Federation of Banks