SWIFT Codes for Banks in South Korea

IDBankCityBranchSWIFT Code
1AGRICULTURAL BANK OF CHINA SEOUL BRANCHSEOULABOCKRSE
2AMOREPACIFIC CORPORATIONSEOULAMOPKRSE
3AUDI VOLKSWAGEN KOREA LTD.SEOULAUVKKRS1
4AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITEDSEOULANZBKRSX
5BANK NEGARA INDONESIA SEOUL BRANCHSEOULBNINKRSE
6BANK OF AMERICA, N.A. PUSANBUSANBOFAKR2102P
7BANK OF AMERICA, N.A. SEOUL BRANCHSEOULBOFAKR2X
8BANK OF CHINA SEOUL BRANCHANSAN-SIANSAN BRANCHBKCHKRSEANS
9BANK OF CHINA SEOUL BRANCHDAEGUDAEGU BRANCHBKCHKRSEDAE
10BANK OF CHINA SEOUL BRANCHINCHEONINCHEON BRANCHBKCHKRSEICN
11BANK OF CHINA SEOUL BRANCHSEOULBKCHKRSE
12BANK OF CHINA SEOUL BRANCHSEOULGURO BRANCHBKCHKRSEGUR
13BANK OF CHINA SEOUL BRANCHSEOULGURO BRANCHBKCHKRSEGRO
14BANK OF COMMUNICATIONS CO. LTD SEOUL BRANCHSEOULCOMMKRSE
15BANK OF COMMUNICATIONS CO. LTD SEOUL BRANCHSEOULSEOUL BRANCH (RMB CLEARING BANK)COMMKRSE888
16BANK OF KOREASEOULBOKRKRSE
17BANK OF KOREASEOULBOKRKRST
18BANK OF NOVA SCOTIA, THE, SEOUL BRANCHSEOULNOSCKRSE
19BARO INVESTMENT AND SECURITIES CO., LTD.SEOULBRIUKRS1
20BNP PARIBAS SECURITIES KOREA CO., LTD.SEOULBNPAKRS2
21BNP PARIBAS SEOUL BRANCHSEOULBNPAKRSE
22BOOKOOK SECURITIES CO LTDSEOULBOOSKRS1
23BRITISH AMERICAN TOBACCO KOREASEOULBATSKRS1
24BRITISH AMERICAN TOBACCO KOREA MANUFACTURING LIMITEDSacheon-siBATSKR21
25BUSAN BANKBUSANPUSBKR2P
26BUSAN BANKChangwon-siMASAN BRANCHPUSBKR2PMAS
27BUSAN BANKSEOULINTERNATIONAL DEPARTMENT SEOULPUSBKR2PINT
28BUSAN BANKSEOULSEOUL BRANCHPUSBKR2PSEL
29BZW SECURITIES LTD.SEOULBZSEKRS1
30CGS-CIMB SECURITIES (HONG KONG) LIMITED, KOREA BRANCHSEOULCSKRKRS1
31CHEIL WORLDWIDE, INCSEOULCIWWKRSE
32CHINA CONSTRUCTION BANK SEOUL BRANCHSEOULPCBCKRSE
33CHINA EVERBRIGHT BANK SEOUL BRANCHSEOULEVERKRSE
34CITIBANK KOREA INCSEOULCITIKRSX
35CITIBANK KOREA INCSEOULCITI KR KAKAOCITIKRSXKAK
36CITIBANK KOREA INCSEOULCITIBANK KOREA INC K BANKCITIKRSXKBA
37CITIBANK KOREA INCSEOULWORLDLINK OPERATIONCITIKRSXWLS
38CITIGROUP GLOBAL MARKETS KOREA SECURITIES LIMITEDSEOULKBSSKRS1
39CJ CHEILJEDANG CORPORATIONSEOULCJCCKRSS
40CLSA SECURITIES KOREA LTD.SEOULCLSAKRS1
41CONSTRUCTION GUARANTEE COOPERATIVESEOULKCGCKRSE
42CORVUS CO., LTD.SEOULCRUVKRS1
43CREDIT AGRICOLE CIBSEOULCRLYKRSE
44CREDIT SUISSE AG, SEOUL BRANCHSEOULCRESKRSE
45CREDIT SUISSE SECURITIES (EUROPE) LIMITED, SEOUL BRANCHSEOULCSFBKRSE
46DAEGU BANK, LTD.,THEDAEGUDAEBKR22
47DAEGU BANK, LTD.,THESEOULDAEBKR22SEL
48DAIMLER TRUCKS KOREA LTD.SEOULDTKRKRSE
49DAISHIN ASSET MANAGEMENT CO., LTD.SEOULDAISHIN SECURITIESDAMSKRS1
50DAISHIN SECURITES CO., LTDSEOULDSSCKRS1
51DAIWA SECURITIES CAPITAL MARKETS KOREASEOULDSCCKRS1
52DBS BANK LTD, SEOUL BRANCHSEOULDBSSKRSE
53DBS BANK LTD, SEOUL BRANCHSEOULSEOUL BRANCHDBSSKRSEIBD
54DEUTSCHE BANK AGBUSANDEUTKRS102P
55DEUTSCHE BANK AG, SEOUL BRANCHSEOULDEUTKRSE
56DEUTSCHE SECURITIES KOREA CO.SEOULDSALKRS1
57DIV ASSET MANAGEMENT CO., LTD.SEOULDAMGKRS1
58DIV FINANCIAL INVESTMENT CO., LTD.SEOULDSEUKRS1
59E9PAY CO. LTDSEOULNINPKRSE
60EUGENE INVESTMENT AND SECURITIESSEOULSEOSKRS1
61EVEST INVESTMENT AND SECURITIES CO., LTD.SEOULETSIKRS1
62GOLDMAN SACHS (ASIA) L.L.C. SEOUL BRANCHSEOULGSALKRSE
63HANA FINANCIAL INVESTMENT CO., LTD.SEOULHAFVKRS3
64HANA FINANCIAL INVESTMENT CO., LTD.SEOULHAFVKRS1
65HANSHIN SECURITIES CO. LTD.SEOULHNSEKRS1
66HANWHA ENERGY CORPORATIONSejong-SiHAENKR22
67HANWHA INVESTMENT AND SECURITIES CO., LTD.SEOULHAITKRS1
68HANWHA INVESTMENT AND SECURITIES CO., LTD.SEOULHNWSKRSS
69HANWHA INVESTMENT AND SECURITIES CO., LTD.SEOULHNWSKRS1
70HANWHA LIFE INSURANCESEOULHWLIKRSE
71HANWHA TECHWIN CO., LTD.SEONGNAM-SISSTWKR22
72HANYANG SECURITIES CO. LTD.SEOULHSECKRS1
73HEUNGKUK SECURITIES CO., LTD.SEOULHESTKRS1
74HEWLETT-PACKARD KOREA LTD.SEOULHEKOKRS1
75HOTEL LOTTE CO.,LTD. (DUTY FREE)SEOULLDFSKRSE
76HYUNDAI ASSET MANAGEMENT CO., LTDSEOULHYAMKRS1
77HYUNDAI ENGINEERING AND CONSTRUCTION CO., LTD.SEOULHEGCKRSE
78HYUNDAI GLOVIS CO. LTD.SEOULHGLOKRSE
79HYUNDAI MOBIS, CO., LTD.SEOULHYMOKRSE
80HYUNDAI MOTOR SECURITIES CO., LTD.SEOULSHHEKRS1
81HYUNDAI STEELINCHEONHYSCKR22
82IBK SECURITIES CO., LTD.SEOULIBKSKRSE
83IBK SECURITIES CO., LTD.SEOULIBKSKRS1
84INDUSTRIAL AND COMMERCIAL BANK OF CHINA SEOUL BRANCHSEOULICBKKRSE
85INDUSTRIAL BANK OF KOREASEOULHEAD OFFICE SEOULIBKOKRSE
86ING BANK N.V.SEOULINGBKRSE
87ING BANK N.V., SEOUL SECURITIESSEOULINGBKRSS
88J.P. MORGAN SECURITIES (FAR EAST) LTDSEOULCHASKRSE
89J.P. MORGAN SECURITIES (FAR EAST) LTDSEOULTELEX AND S.W.I.F.T. MESSAGE ENQUIRIESCHASKRSEENQ
90J.P.MORGAN SECURITIES(FAR EAST) LTD., SEOUL BRANCHSEOULJMSAKRS1
91JEJU BANKJEJU-SIJJBKKR22
92JEONBUK BANKJEONJU-SIJEONKRS1022
93JEONBUK BANKSEOULJEONKRSE
94JEONBUK BANKSEOULCLS DIVISIONJEONKRSECLS
95JPMORGAN CHASE BANK, N.A., SEOUL BRANCHSEOULCHASKRSX
96JPMORGAN CHASE BANK, N.A., SEOUL BRANCHSEOULTELEX AND S.W.I.F.T. MESSAGE ENQUIRIESCHASKRSXENQ
97KAKAOBANK CORPSEONGNAM-SIKAKOKR22
98KB ASSET MANAGEMENTSEOULKBAMKRS1
99KB SECURITIES CO., LTD.SEOULHYSEKRSE
100KEB HANA BANKSEOULKOEXKRSE
101KEB HANA BANKSEOULCLS CONTROL DESKKOEXKRSECLS
102KEB HANA BANKSEOULKOREA EXCHANGE BANK FCL DIVISIONKOEXKRSEFCL
103KEB HANA BANKSEOULKOREA EXCHANGE BANK FCN DIVISIONKOEXKRSEFCN
104KIWOOM SECURITIESSEOULKIWSKRS1
105KIWOOM SECURITIES CO,. LTD.SEOULKIWCKRS1
106KIWOOM SECURITIES CO,. LTD.SEOULKIWCKRSE
107KOH THIRD ASSET SECURITIZATION SPECIALTY COMPANYSEOULKTASKRS1
108KOOKMIN BANKSEOULCLS DIVISIONCZNBKRSECLS
109KOOKMIN BANKSEOULCUSTODY DEPARTMENTCZNBKRSECTD
110KOOKMIN BANKSEOULGENERAL ADMINISTRATION MANAGEMENT DEPARTMENTCZNBKRSEGAM
111KOOKMIN BANKSEOULHEAD OFFICECZNBKRSE
112KOOKMIN BANKSEOULWLS DIVISIONCZNBKRSEWLS
113KOREA DEVELOPMENT BANK, THESEOULKODBKRSE
114KOREA DEVELOPMENT BANK, THESEOULINTERNATIONAL DEPARTMENTKODBKRSE001
115KOREA EXCHANGEBUSANKORXKR21
116KOREA FINANCIAL TELECOMMUNICATIONS AND CLEARING INSTITUTESEOULKFTCKRS1
117KOREA INVESTMENT AND SECURITIES CO., LTD.SEOULDOSUKRS1
118KOREA INVESTMENT AND SECURITIES CO., LTD.SEOULKISEKRSE
119KOREA INVESTMENT AND SECURITIES CO., LTD.SEOULINTERNATIONAL INVESTMENT DEPARTMENTDOSUKRS1186
120KOREA INVESTMENT CORPORATIONSEOULKOICKRSE
121KOREA INVESTMENT TRUST MANAGEMENT COSEOULKITNKRS1
122KOREA INVESTMENT TRUST MANAGEMENT COSEOULKITNKRS1YES
123KOREA SECURITIES DEPOSITORYSEOULKSDCKRSE
124KOREA SECURITIES DEPOSITORYSEOULFUND SETTLEMENT TEAMKSDCKRSEFUN
125KOREA SECURITIES DEPOSITORYSEOULFUNDOPERATIOM TEAMKSDCKRSEFOT
126KOREA SECURITIES DEPOSITORYSEOULKDR TEAMKSDCKRSEKDR
127KOREA SECURITIES DEPOSITORYSEOULSECURITIES LENDING AND BORROWINGKSDCKRSESLB
128KOREA SECURITIES FINANCE CORPORATION (KSFC)SEOULKOSFKRS1
129KT AND G CORPORATIONSEOULKTGCKRSE
130KTB ASSET MANAGEMENT CO., LTD.SEOULKTAMKRS1
131KTB INVESTMENT AND SECURITIES CO., LTDSEOULBRNAKRS1
132KWANGJU BANK LTD, THEGWANGJUKWABKRSE
133KYOBO AXA INVESTMENT MANAGERS CO., LTD.SEOULKAIGKRS1
134KYOBO LIFE INSURANCE CO., LTD.SEOULKYBOKRSE
135KYOBO SECURITIES CO., LTD.SEOULKYOBKRS1
136KYONGNAM BANKChangwon-siKYNAKR22
137KYONGNAM BANKSEOULINTERNATIONAL DEPARTMENT SEOULKYNAKR22ITL
138LANDESBANK BADEN-WUERTTEMBERG, SEOULSEOULSOLAKRSE
139LEADING INVESTMENT AND SECURITIES C O., LTDSEOULLISCKRS1
140LG CHEM, LTDSEOULCEMMKRSE
141LG CNS CO.,LTDSEOULLGCNKRS1
142LG DISPLAYSEOULLGDTKRSE
143LG ELECTRONICS INC.SEOULLGETKRSE
144LLOYDS BANK PLCSEOULLOYDKRS1
145LOTTE CHEMICAL CORPORATIONSEOULLTCHKRSE
146LOTTE DATA COMMUNICATION COMPANYSEOULLDCCKRSE
147MACQUARIE SECURITIES KOREA LIMITEDSEOULBSKLKRS1
148MERCEDES-BENZ FINANCIAL SERVICES KOREA LTD.SEOULMBFKKRSE
149MERCEDES-BENZ KOREA LIMITEDSEOULMBKRKRSE
150MERITZ ASSET MANAGEMENT CO., LTDSEOULMEEMKRS1
151MERITZ SECURITIESSEOULHANEKRS1
152MERITZ SECURITIES CO.,LTDSEOULKFBCKRSE
153MERRILL LYNCH INTERNATIONAL INCORPORATED, SEOUL BRANCHSEOULMLCOKRS1
154MERRILL LYNCH INTERNATIONAL LLC, SEOUL BRANCHSEOULMLKRKRSE
155MERRILL LYNCH INTERNATIONAL, SEOUL OFFICESEOULMLKRKRS1
156METROPOLITAN BANK AND TRUST COMPANYSEOULMBTCKRSE
157MIRAE ASSET ASSET MANAGEMENT CO., LTD.SEOULMALSKRS1
158MIRAE ASSET ASSET MANAGEMENT CO., LTD.SEOULMAONKRS1
159MIRAE ASSET ASSET MANAGEMENT CO., LTD.SEOULMAVAKRS1
160MIRAE ASSET ASSET MANAGEMENT CO., LTD.SEOULBONDMAVAKRS1BON
161MIRAE ASSET FUND SERVICESSEOULMRFSKRSE
162MIRAE ASSET SECURITIES CO., LTD.SEOULMIAEKR21
163MIRAE ASSET SECURITIES CO., LTD.SEOULMIAEKRSE
164MIZUHO BANK, LTD., SEOUL BRANCHSEOULMHCBKRSE
165MORGAN STANLEY AND CO. INTERNATIONAL PLC SEOUL BRANCHSEOULMSNYKRS1
166MORGAN STANLEY AND CO. INTERNATIONAL PLC, SEOUL BRANCHSEOULMSKRKRSX
167MORGAN STANLEY AND CO. INTERNATIONAL PLC, SEOUL BRANCHSEOULMSKRKRSXTSY
168MORGAN STANLEY AND CO. INTERNATIONAL PLC, SEOUL BRANCHSEOULGLOBAL PAYROLLMSKRKRSXGPR
169MORGAN STANLEY BANK INTERNATIONAL LIMITED, SEOUL BRANCHSEOULMSBKKRSE
170MTI CORPORATIONANSAN-SIMTIRKR22
171MUFG BANK, LTD., SEOUL BRANCHSEOULSEOUL BRANCHBOTKKRSX
172MULTI ASSET GLOBAL INVESTMENTS CO.,LTDSEOULKDAMKRS1
173NATIONAL AGRICUTURAL COOPERATIVE FEDERATIONSEOULNACEKRS1
174NATIONAL BANK OF PAKISTAN, SEOUL BRANCH KOREASEOULNBPAKRSI
175NATIONAL PENSION SERVICE INVESTMENT MANAGEMENTSEOULNPSFKRS1
176NH AMUNDI ASSET MANAGEMENT CO., LTD.SEOULNHAMKRS1
177NH INVESTMENT AND SECURITIES CO., LTD.SEOULLUSEKRS1
178NH INVESTMENT AND SECURITIES CO.,LTDSEOULHNISKRS1
179NH INVESTMENT AND SECURITIES CO.,LTD.SEOULWISHKRSE
180NH-AMUNDI ASSET MANAGEMENT CO., LTD.SEOULAMEGKRSE
181NIKE SPORTS KOREA CO., LTD.SEOULNIKEKRS1
182NOMURA FINANCIAL INVESTMENT (KOREA) CO., LTD.SEOULNFIKKRSE
183NONGHYUP BANK (FORMERLY KNOWN AS NATIONAL AGRICULTURAL COOPERATIVE FEDERATION)SEOULNACFKRSE
184OVERSEA-CHINESE BANKING COPORATION LIMITED, SEOUL BRANCHSEOULOCBCKRSE
185PAN-PACIFIC CO., LTD.SEOULPAPFKRSE
186PMCFCKSEOULPMCFKRSE
187POSCOSEOULPSCCKRSE
188POSTAL BUSINESS HEADQUARTERSSEOULKOPOKRS1
189QUAD INVESTMENT MANAGEMENT CORPORATIONSEOULQIMCKRS1
190ROTHMANS FAR EAST B.V. KOREASEOULBATSKR31
191SAMSUNG ASSET MANAGEMENT CO., LTD.SEOULSITAKRS1
192SAMSUNG ASSET MANAGEMENT CO.,LTD.SEOULSITAKRS2
193SAMSUNG C AND T CORPORATIONSEOULSCNTKRSE
194SAMSUNG C AND T CORPORATION TRADING AND INVESTMENTSEOULSCNTKRST
195SAMSUNG ELECTRO-MECHANICS CO., LTDSUWON-SISEMTKR22
196SAMSUNG ELECTRONICS CO., LTD.SUWON-SISECTKRSE
197SAMSUNG ENGINEERING CO., LTDSEOULSMSGKRSE
198SAMSUNG FIRE AND MARINE INSURANCE CO., LTDSEOULSFMIKRSE
199SAMSUNG HEAVY INDUSTRIESSEOULSSHIKRSE
200SAMSUNG LIFE INSURANCE CO., LTDSEOULSSLIKRSE
201SAMSUNG SDI CO.,LTD.YONGIN-SISSDIKR22
202SAMSUNG SDS CO., LTD.SEOULSSDSKRSE
203SAMSUNG SECURITIES CO.,LTDSEOULSAMCKRSL
204SAMSUNG SECURITIES CO.,LTD.SEOULSAMCKRS1
205SAMSUNG SECURITIES CO.,LTD.SEOULDERIVATES SALES TEAMSAMCKRS1DER
206SAMSUNG SECURITIES CO.,LTD.SEOULPROPRIETARY TRADINGSAMCKRS1PRT
207SAMSUNG WELSTORY INCORPORATEDSEOULSWEIKRSE
208SEEGENE, INC.SEOULSEGNKRSE
209SENTBE INCSEOULSNTBKRS2
210SEOUL GUARANTEE INSURANCE COMPANYSEOULKSGIKRSE
211SG SECURITIES KOREA CO LTDSEOULSGSEKRS1
212SG SECURITIES KOREA CO., LTD.SEOULSGSEKRSL
213SHIN HAN SECURITIES CO. LTD.SEOULSHHSKRS1
214SHINHAN AITAS CO., LTD.SEOULSHFAKRSE
215SHINHAN ASSET MANAGEMENT CO.,LTD.SEOULSSATKRSE
216SHINHAN B AND P PARIBAS ASSET MANAGEMENT CO., LTD.SEOULSBPAKRS1
217SHINHAN BANKSEOULSHBKKRSECLS
218SHINHAN BANKSEOULSHBKKRSE
219SHINHAN BANKSEOULSHBKKRSECUS
220SHINHAN BANKSEOULKOREA POST OFFICESHBKKRSEKPO
221SHINHAN BANKSEOULTSTSHBKKRSETST
222SHINHAN INVESTMENT CORP.SEOULSSISKRS1
223SHINHAN INVESTMENT CORP.SEOULSSISKRSS
224SHINHAN INVESTMENT CORP.SEOULBACK OFFICESSISKRS1BKO
225SHINHAN INVESTMENT CORP.SEOULGENERALSSISKRS1GEB
226SHINHAN INVESTMENT CORP.SEOULMANAGEMENTSSISKRS1MGT
227SHINYOUNG SECURITIES CO. LTD.SEOULSHSEKRS1
228SK BIOTEKDAEJEONBIOKKR22
229SK INNOVATION CO., LTD.SEOULIOCOKRSE
230SK SECURITIESSEOULSKSEKRS1
231SOCIETE GENERALE, SEOUL BRANCHSEOULSOGEKRSE
232SPC CO.,LTDSEONGNAMSCLDKR22
233STANDARD CHARTERED BANK KOREA LIMITEDSEOULSCBLKRSE
234STANDARD CHARTERED BANK KOREA LIMITEDSEOULCUSTODIAL SERVICES DEPARTMENTSCBLKRSEEQI
235STANDARD CHARTERED SECURITIES KOREA LIMITEDSEOULSCKRKRS1
236STATE BANK OF INDIASEOULSBINKRSE
237STATE STREET BANK AND TRUST COMPANY, KOREA BRANCHSEOULSBOSKRSE
238SUHYUP BANKSEOULNFFCKRSE
239SUMITOMO MITSUI BANKING CORPORATIONSEOULSMBCKRSE
240THANOS CO., LTD.SEOULTHAOKRS1
241THE BANK OF NEW YORK MELLON, SEOUL BRANCHSEOULIRVTKRSX
242THE EXPORT-IMPORT BANK OF KOREASEOULEXIKKRSE
243THE EXPORT-IMPORT BANK OF KOREASEOULFOREIGH EXCHANGE EQUILIZATION FUNDEXIKKRSEFEF
244THE EXPORT-IMPORT BANK OF KOREASEOULKEXIM INTERANTIONAL FINANCE DEPARTMENTEXIKKRSEIFD
245THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITEDSEOULHJCEKRS1
246THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, SEOUL BRANCHBUSANBUSAN BRANCHHSBCKRSEBSN
247THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, SEOUL BRANCHSEOULHSBCKRSECLS
248THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, SEOUL BRANCHSEOULHSBCKRSE
249THE NORTHERN TRUST COMPANY, SEOUL BRANCHSEOULCNORKRSE
250TONG YANG INVESTMENT BANKSEOULTYSEKRS1
251TRUSTON ASSET MANAGEMENT CO., LTD.SEOULTRTMKRS1
252U.B.A.F.-UNION DE BANQUES ARABES ET FRANCAISESSEOULUBAFKRSX
253UBS SECURITIES PTE. LTD. SEOUL BRANCHSEOULSEOUL BRANCHWAREKRS1
254UNITED OVERSEAS BANK LIMITED, SEOUL BRANCHSEOULUOVBKRSE
255VIA ASSET MANAGEMENT CO., LTD.SEOULASNMKRS1
256W ASSET MANAGEMENT CO., LTDSEOULASGTKRS1
257W.I. CARR (FAR EAST) LIMITEDSEOULWICAKRS1
258WELLS FARGO BANK, N.A., SEOUL BRANCHSEOULPNBPKRSX
259WIREBARLEY CORPORATIONSEOULWIOOKRS2
260WOORI ASSET MANAGEMENT CO., LTD.SEOULTOYIKRS1
261WOORI ASSET MANAGEMENT CO., LTD.SEOULTYAMKRS1
262WOORI ASSET MANAGEMENT CO., LTD.SEOULTYITKRS1
263WOORI BANK, SEOULSEOULHVBKKRSE
264WOORI BANK, SEOULSEOULCUSTODY DEPARTMENTHVBKKRSECUS
265WOORI INVESTMENT BANKSEOULKHMBKRSE
266YAMAGUCHI BANK, LTD., THE, BUSAN BRANCHBUSANYMBKKR2P
267YUANTA SECURITIES KOREA CO.,LTDSEOULTYMBKRSE

What is a SWIFT Code?

A SWIFT code, also known as a SWIFT-BIC code, Bank Identifier Code (BIC), or Business Identifier Code (BIC), is a standard format for identifying banks and financial institutions globally to facilitate international money and security transfers. SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication.

SWIFT codes consist of 8 to 11 characters that provide details about the bank, its location, and branch. We will breakdown the components of a SWIFT code later in this article.

Major Banks in South Korea

South Korea has a robust banking system, and some of the largest Banks operate extensive branch networks throughout the country. The major banks include:

Kookmin Bank

Kookmin Bank, also referred to as KB Kookmin Bank, is one of the largest banks in South Korea. The bank was established in 1963 and maintains a vast network of over 1,000 branches across the country. Some example SWIFT codes for Kookmin Bank branches include:

  • Jongno Branch in Seoul – COMBKRSEXXX
  • Yeoksam Branch in Seoul – COMBKRSESEO
  • Busan Bank Branch – COMBKRSEPUS
Woori Bank

Woori Bank is another leading bank in South Korea formed by the merger of the former Hanvit Bank and Peace Commercial Bank in 2002. It operates approximately 900 branch locations. Some Woori Bank SWIFT codes are:

  • Seoul Branch – HVBKKRSEXXX
  • Incheon Branch – HVBKKRSEINA
  • Ulsan Branch – HVBKKRSEULS
Shinhan Bank

Shinhan Bank is the first private commercial bank founded in Korea. Established in 1982, it now maintains over 830 retail branches locally and abroad. Here are some example SWIFT codes for Shinhan Bank:

  • Yongsan Branch in Seoul – SHBKKRSESEO
  • Hadang Branch in Seoul – SHBKKRSEHAD
  • Andong Branch – SHBKKRSEADO
NH Bank

NH Bank was created from a 2015 merger between NongHyup Bank and Hyundai Marine & Fire Insurance. It has around 530 local branches. Some NH Bank SWIFT codes include:

  • Seoul Sungsoo Branch – NACFKRSESEU
  • Daegu Jungang Branch – NACFKRSEDGJ
  • Busan Centum Branch – NACFKRSEBS3
IBK Industrial Bank of Korea

IBK Bank specializes in supporting small to medium enterprises in Korea. The government-invested entity runs over 180 nationwide branches. Example SWIFT codes are:

  • IBK Bank Headquarters – IBKRKRSE – Gangnam Branch in Seoul – IBKRSESEGBK
  • Bundang Branch in Seongnam – IBKRSESEBNP
Other Notable Banks

Additional leading banks in South Korea include Citibank Korea, Standard Chartered Bank Korea, KEB Hana Bank, and DGB Daegu Bank. Most foreign bank branches also have designated SWIFT codes.

Components of a SWIFT Code

SWIFT codes are comprised of 8 to 11 letters and digits that represent details about the bank. These components include:

Bank Code

The first 4 alpha and/or numeric characters identify the bank name.

Location Code

The next 2 characters are letters that indicate the country location. For South Korea, it is commonly KR.

Branch Code

This 2 character code signifies the city or location. For example, SE is used for Seoul.

The last 3 digits denote the specific branch. XXX indicates a bank’s head office.

What SWIFT Codes are Used For

SWIFT codes serve several essential purposes:

International Money Transfers

Financial institutions mainly use SWIFT codes to transfer money between accounts across borders. The codes facilitate automated sorting and transmission of messages.

Business-to-Business Payments

Along with wire transfers, companies rely on SWIFT codes to pay overseas vendors and conduct other B2B payments.

Lookup Tools for SWIFT Codes

You can manually search bank websites or use online lookup tools to find SWIFT codes. Helpful directories include:

MyBankTracker

MyBankTracker provides an extensive database to search for SWIFT/BIC codes by bank name, location, or other criteria.

SWIFT Code Directory

The SWIFT website features a lookup tool listing thousands of BIC codes worldwide. You can browse by country for specific bank codes.

Key Takeaways

SWIFT codes help enable cross-border fund transfers and B2B payments by providing a standardized format for identifying banks globally. Major financial institutions across Korea use designated SWIFT codes for their headquarters and regional branches conducting international business transactions.

When transferring money abroad or making payments overseas, look up the accurate SWIFT code to include with any required recipient details to ensure your funds route properly.

FAQs

What exact details do I need along with the SWIFT code to send money internationally?

To transfer funds abroad, the full set of details needed typically includes:

  • Beneficiary Name
  • Beneficiary Address
  • Bank Name
  • Bank Address
  • SWIFT Code
  • Account Number
  • IBAN Number (if sending to Europe)

Where can I manually validate a SWIFT code I have to confirm accuracy?

The official SWIFT code bank directory lets you double check codes you already have. You simply select the country and lookup the bank to validate it’s legitimate.

Do all bank branches have a unique SWIFT code, or do some smaller ones use a shared central code?

In most countries, larger bank branch locations are assigned their own distinct SWIFT code while smaller offices typically utilize a shared code representing the bank’s headquarters.

Is there a charge to use SWIFT codes for international transfers and foreign payments?

SWIFT itself does not charge fees as it’s simply a messaging network. However, banks normally charge transaction fees and currency conversion costs on both ends for sending and receiving global money transfers using SWIFT codes and infrastructure.

What are some alternatives to using SWIFT for payments?

The main options are RippleNet from Ripple using XRP cryptocurrency or smaller upstarts like PaySend facilitating more cost-efficient transfers. But SWIFT still dominates between major banks.