Shinhan Financial Group (Shinhan Financial Group) was established in 1897 and was the first bank established in Korea under the name of Shinhan Bank. The bank is involved in retail banking, corporate banking, international banking and other banking services. Shinhan Financial Group is headquartered in Seoul, South Korea, has approximately 13,400 employees, manages 871 branches and 27 private wealth management service centers, and has 14 branches in other countries. As of 2016, the bank’s total assets were US$341 billion.
NongHyup Financial Group (NongHyup Financial Group) was established in 1961 by the merger of Agricultural Bank and Agricultural Federation. The group provides financing, mortgages, personal credit lines, corporate financing, real estate financing and new technology financing services. Nonghyup Financial Group also provides life, property and accident insurance products. The company is headquartered in Seoul, South Korea and has approximately 13,000 employees. In 2016, the bank’s total assets were US$315 billion.
KB Financial Group (KB Financial Group) is a South Korean financial holding company headquartered in Seoul that provides financial services through subsidiaries. KB Financial Group is involved in retail banking, corporate banking, other banking, credit card business, investment and securities business, and life insurance business. Other banking services include financial activities and back office management services. Investment and securities business includes securities brokerage, investment banking, securities investment and trading, and other capital market services. Life insurance business includes life insurance and wealth management services. In 2016, the bank’s total assets were US$275 billion.
Hana Financial Group (Hana Financial Group) was established in 1971 and is headquartered in Seoul, South Korea, with approximately 19,000 employees. It provides mergers and acquisitions, corporate financing, fundraising, risk management consulting, and securities trading and underwriting services. Initially, it was named Hana Taitai Securities Co., Ltd. and was renamed Hana Financial Investment Co., Ltd. in September 2015. As of 2016, the bank’s total assets were US$308 billion.
The Korea Development Bank (Korea Development Bank) was established in 1954 and is headquartered in Seoul, South Korea. The Korea Development Bank provides deposit products, corporate banking products, investment banking products and international banking products. In 2016, the bank’s total assets were US$1 trillion and total revenue was US$19 million.
Woori Financial Group provides commercial banking products and services to Korean individuals, small and medium enterprises and large enterprises. It involves six major businesses: corporate banking, capital markets, investment banking, credit cards and other businesses. Woori Bank is a subsidiary of Woori Financial Group, headquartered in Seoul, South Korea, with 15,000 employees, 894 branches in South Korea, and 22 branches internationally. In 2017, the bank’s total assets were US$296 billion and total revenue was US$1.416 billion.
The Industrial Bank of Korea (Industrial Bank of Korea) was established in 1961 and is headquartered in Seoul, South Korea. It involves retail banking, corporate banking, money market, IB, credit card business, foreign exchange and other businesses. The Korea Industrial Bank manages approximately 570 branches and 47 storage institutions in Korea, as well as 11 overseas offices. As of 2018, the bank’s total assets were US$254 billion.
BNK Financial Group (BNK Financial Group) is one of the five largest financial groups in South Korea, headquartered in Busan. The group was established in 2011 and its business involves banking, financial investment, professional credit financing and mutual savings banking business. BNK Financial Group’s business includes: online banking, financial products, asset management services, apartment application deposits, fund products and variable annuities. Initially, the company name was BS Financial Group Co., Ltd. and was renamed BNK Financial Group in April 2015. In 2016, the bank’s total assets were US$83 million.
DGB Financial Group (DGB Financial Group) was established in 1967 and is one of the largest regional banks in South Korea. It mainly serves customers in the Daegu-Gyeongbuk region. It mainly provides deposits, new technology business loans, personal loans and other loans. DGB Financial Group also provides auto financing and facility leasing services, foreign exchange, fund and bank insurance, asset management, electronic money and online banking services. As of 2016, the bank’s total assets were US$47 billion and total revenue was US$491 million.
Kakao Bank (Kakao Bank) is Korea’s first internet bank, established in 2016, and a subsidiary of Korea Investment Holdings Co., Ltd. Kakao Bank provides various types of banking services, from loans and savings to overseas remittances and credit cards.