Largest Banks in Korea

The top largest banks in Korea include Korea Exchange Bank, Shinhan Bank, Kookmin Bank, among others.

Korea Exchange Bank (KEB) is the fifth largest bank in South Korea measured in assets and the largest foreign exchange bank in South Korea. It won the 'Best Korean F/X Bank Award' and 'Best Korean CMS Bank Award' for 2010 from Asiamoney, a leading financial magazine centered on the Asia-Pacific region. In addition, KEB was named the 'Best Trade Finance Bank in Korea' and the 'Best Foreign Exchange Bank in Korea' for 2010 for the third consecutive year by FinanceAsia.

Shinhan Bank is one of the biggest banks in Korea. In 2008 it was selected as the Number 1 bank (five consecutive years) for “the most respected bank in Korea”.

Kookmin Bank (KB) is the largest bank by both asset value and market capitalization in South Korea. The Bank has received the highest rating of AAA for bond issue from two local credit rating agencies, National Information & Credit Evaluation and Korean Investors Service Inc. It was the first to receive this rating amongst the four newly merged Korean banks. The AAA rating is based on Kookmin's competitiveness in retail and wholesales banking, asset soundness and strong earning power. In addition, it was named the most preferred bank to do business with in an opinion pool conducted jointly by The Korea Economic Daily and Korea Research Center.

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Kelvin Wong Loke Yuen is a highly experienced education writer. He has obtained many certifications from the UK, USA, Australia and Canada, including an MBA and a Postgraduate Diploma from Heriot-Watt (UK's World-Class University) and a BCom degree from Adelaide (Australia’s Group of Eight University). Follow him on: LinkedIn