Major Banks in South Korea
South Korea's banking system runs on BOK-Wire+ (Bank of Korea Wire) and Korean Wonnet retail. The country's currency is the KRW. The major banks below handle the vast majority of inbound and outbound SWIFT payments to South Korea.
Details
South Korea runs its domestic interbank settlement on BOK-Wire+ (Bank of Korea Wire) and Korean Wonnet retail. International SWIFT payments arrive at one of the major correspondents listed below before being credited via the domestic system.
Top banks in South Korea: KB Kookmin Bank (CZNBKRSE, Seoul), Shinhan Bank (SHBKKRSE, Seoul), Hana Bank (KOEXKRSE, Seoul), Woori Bank (HVBKKRSE, Seoul).
KB Kookmin Bank — SWIFT/BIC CZNBKRSE, headquartered in Seoul. Largest Korean bank by assets.
Shinhan Bank — SWIFT/BIC SHBKKRSE, headquartered in Seoul. Top-two Korean bank; strong international.
Hana Bank — SWIFT/BIC KOEXKRSE, headquartered in Seoul. Major Korean bank; foreign-exchange specialist.
Woori Bank — SWIFT/BIC HVBKKRSE, headquartered in Seoul. Major Korean bank; retail and corporate.
If you have sent or received a SWIFT payment routed through any of these banks, you can verify it for free on Ohmyfin. Paste the 36-character UETR (from your MT103 or pacs.008 confirmation) into the homepage tracker to see the latest available SWIFT status — settled, in flight, pending compliance, or rejected.
Key facts
- Country: South Korea (KR)
- Currency: KRW
- Domestic settlement: BOK-Wire+ (Bank of Korea Wire) and Korean Wonnet retail
- Number of major banks listed: 4
- Trackable on Ohmyfin: yes — free via UETR
Frequently asked questions
What are the major banks in South Korea?
The largest banks in South Korea include KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank.
What is the SWIFT code for KB Kookmin Bank?
KB Kookmin Bank's primary SWIFT/BIC is CZNBKRSE (head office in Seoul). Branches use 11-character extensions of this code.
How are domestic payments settled in South Korea?
BOK-Wire+ (Bank of Korea Wire) and Korean Wonnet retail
How do I track a SWIFT payment to or from South Korea?
Paste the UETR into the Ohmyfin tracker. You will see the latest available SWIFT status in seconds — including which correspondent bank in South Korea (or the international intermediary) is currently holding the payment.
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