SWIFT Code of Korean Bank

SWIFT Code

Swift Code is a standard identification code for processing international financial transactions.
SWIFT stands for "Society for Worldwide Interbank Financial Telecommunication", an international non-profit organization that operates a global communication network that enables safe and rapid remittances between financial institutions.
The Swift code helps financial institutions identify each other and safely exchange financial transactions.

SWIFT code structure

The swift code is a unique code allocated to global financial institutions, with a length of 8 to 11 digits. This code consists of the following structure:

Bank Code

The first four digits of the swift code are the code that identifies the bank. This code refers to which banks the financial institution belongs.

Country Code

The next two digits are the code representing the country where the bank is located. This code is displayed in ISO 3166-1 alphabet code.

Location Code

The seventh or eighth digit of swift code is used to segment the location of the bank. This part is displayed in characters or numbers.

Branch Code (Optional)

After the ninth place of the swift code, it is used to identify the specific point of the bank. This part is displayed in characters or numbers. It is not required, but it is used by many banks.

Usage of SWIFT code

SWIFT code plays an important role in international transfer and reception. The following is the main case of swift code.

• 1. International remittance and reception
     SWIFT code is used to accurately identify receiving banks and remittance banks when international remittances and reception between financial institutions. This can be safe and accurate.
• 2. Account identification
     SWIFT code is used as a unique identifier in banks and helps to clearly identify banks in international transactions.
• 3. Account account confirmation
     Swift code is used to check the accuracy of the reception account. Financial institutions can check the recipient bank and the account through the swift code.
• 4. Transparency
     Swift code improves the transparency of financial transactions. This code is easy to track the history of trading with financial institutions.

SWIFT code by Bank of Korea

If you need more than 8 digits, just add XXX at the end.

Kookmin Bank

• Korean name: KB국민은행
• SWIFT Code: CZNBKRSE

KEB Hana Bank

• Korean name: KEB하나은행
• SWIFT Code: KOEXKRSE

Shinhan Bank

• Korean name: 신한은행
• SWIFT Code: SHBKKRSE

Woori Bank

• Korean name: 우리은행
• SWIFT Code: HVBKKRSE

NH Bank / Nonghyup Bank

• Korean name: 농협은행
• SWIFT Code: NACFKERSE

Industrial Bank of Korea

• Korean name: 기업은행
• SWIFT Code: IBKOKRSE

Standard Chartered Bank Korea

• Korean name: SC은행
• SWIFT Code: SCBLKRSE

KakaoBank Corporation

• Korean name: 카카오뱅크
• SWIFT Code: KAKOKR22XXX

Swift Code is an international standard for financial transactions and may vary from bank to branch. Therefore, it is important to check the exact swift code before you send money.