Banks in Korea

Offshore Branches in Korea

Germany has a notable presence in the South Korean banking sector through various offshore branches. Two of the major German banks with branches in Seoul include:

  • Deutsche Bank AG: The Seoul branch of Deutsche Bank AG provides a range of financial services and can be accessed online at www.deutsche-bank.de.
  • Landesbank Baden-Württemberg (LBBW): LBBW also operates a branch in Seoul, offering comprehensive banking services. More details can be found at LBBW Services.

Other foreign offshore branches include:

  • United Overseas Bank (UOB) Seoul Branch: UOB extends its international reach with a branch in Seoul, providing various financial services. Visit their website at UOB Korea.
  •  J.P. Morgan Korea: As one of the major U.S. banks with a strong presence in Korea, J.P. Morgan offers a wide range of financial services. More information can be found at J.P. Morgan Korea.
  • Industrial and Commercial Bank of China (ICBC) Seoul Branch: ICBC operates in Seoul, providing a variety of banking services. Further details can be found at ICBC Korea.
  • DBS Bank Seoul Branch: DBS Bank, a leading financial services group in Asia, offers extensive services through its Seoul branch. Visit their website at DBS Korea.

 

Prominent Korean Banks

South Korea hosts a robust banking sector with several well-established banks providing a wide array of financial services. Key players include:

  • Bank of Korea: The central bank of South Korea, managing monetary policy and financial stability. Visit their site at www.bok.or.kr.
  • Barclays: An international bank offering a variety of financial products and services, accessible at www.barclays.com.
  • BNP Paribas: A leading bank with a strong presence in Korea, available online at www.bnpparisbas.com.
  • Citibank: Providing diverse banking services through their Korean branch, details can be found at www.citibank.co.kr.
  • HSBC: A global bank with a Korean branch offering extensive financial services, visit www.hsbc.co.kr.
  • ING: Known for its strong international presence, ING offers services in Korea as well, found at www.ing.com.
  • Kookmin Bank: One of the largest banks in Korea, serving customers through www.kbstar.com.
  • Korea Development Bank: A key player in Korea’s economic development, visit www.kdb.co.kr.
  • Korea Exchange Bank (KEB Hana): Offers a wide range of financial services, accessible at KEB Hana.
  • Shinhan Bank: Provides extensive banking services, more information at www.shinhan.com.
  • Standard Chartered (First) Bank: Known for its international banking services, available at www.scfirstbank.com.
  • Woori Bank: One of Korea’s major banks, offering comprehensive services at www.wooribank.com.

Business hours for these banks are typically Monday to Friday from 9:00 to 16:00. They remain closed on holidays, including May 1st.

 

German, Austrian, and Swiss Banks' Representations in Korea

In addition to direct branches, several German, Austrian, and Swiss banks have representative offices in Korea:

  • Commerzbank AG Seoul Representative Office: Providing insights into their services at www.commerzbank.com.
  • Credit Suisse First Boston Seoul Branch: Details about their operations can be found at www.credit-suisse.com/kr/ko.
  • Raiffeisen Zentralbank Österreich AG Korea Representative Office: More information at www.rzb.at.
  • UBS Korea: Offering a range of financial services, accessible at www.ubs.com.