The Largest Banks in South Korea
Following are the largest banks in South Korea ranked by total assets in billions of US dollars. KB Kookmin Bank, headquartered in Seoul, is the biggest South Korean bank with assets of US$409 billion. It has over 700 regular branches, 4,300 ATMs, 13,200 employees and more than 30 million customers across Korea. Shinhan Bank is the second largest banking institution in the country. The ten largest banks in South Korea hold combined assets of over US$2.6 trillion.
| Rank | Name | Total assets (FY 2023, US$bn) |
| 1 | KB Kookmin Bank | 409.071 |
| 2 | Shinhan Bank | 392.465 |
| 3 | Hana Bank | 385.014 |
| 4 | Woori Bank | 337.043 |
| 5 | Industrial Bank of Korea | 318.528 |
| 6 | Nonghyup Bank | 306.395 |
| 7 | Korea Development Bank | 244.171 |
| 8 | Export-Import Bank of Korea | 96.778 |
| 9 | Standard Chartered Korea | 66.237 |
| 10 | Busan Bank * | 59.214 |
| 11 | DGB Daegu Bank ** | 54.776 |
| 12 | Suhyup Bank | 43.407 |
| 13 | Kakao Bank | 42.041 |
| 14 | Kyongnam Bank *** | 39.208 |
| 15 | Citibank Korea | 29.561 |
| 16 | Kwangju Bank ^ | 22.969 |
| 17 | Toss Bank | 19.867 |
| 18 | Jeonbuk Bank ^ | 17.621 |
| 19 | K Bank | 16.532 |
| 20 | Jeju Bank Co. Ltd ^^ | 5.526 |
The exchange rate on December 30, 2023
* Busan Bank is a subsidiary of BNK Financial Group.
** In June 2024, it was renamed to iM Bank. DGB Financial Group is the parent company of Daegu Bank.
*** Kyongnam Bank is a division of BNK Financial Group
^ Kwangju Bank and Jeonbuk Bank are subsidiaries of JB Financial Group.
^^ Jeju Bank's largest shareholder is Shinhan Financial Group.
Last updated December 1, 2024