Korea Exchange Bank

It is a Korean banking institution located in Seoul. It offers commercial, corporate, retail, and investment banking services. It specializes in currency exchange and the purchase and sale of foreign currencies. It is one of the five largest banks in South Korea, with branches located nationally and internationally.

History

The entity was created in South Korea by the Korean government, mainly as a bank specialized in currency exchange in 1967. Years later, it started with the securities business. It was one of the first institutions to use the country’s credit card (Visa) service. In 1989, the bank’s law became invalid, subsequently establishing itself with the name of KEB as one of the pioneer commercial banks in South Korea. In this way, it ceased to be an institution belonging exclusively to the state. It was established under the command of the Commercial Code of the Republic of Korea.

It was a sponsor of two major sporting events of 1986 and 1988, Asian Games and the Seoul Olympic Games, respectively. Six years later, in April, it began trading on the Korean Stock Exchange, taking greater importance as an institution.

The bank had begun to establish and create centers and websites with the currency exchange system. It was even the first bank in Korea to offer foreign currency services at ATMs.

During the years of its history, it always tried to implement its ideal and currency business in several countries. It expanded internationally by opening branches in China, Yangon, Burma, Germany, Canada, Indonesia, Mexico, Brazil, and other countries.

In 2012, it acquired Korea Exchange Bank from Lone Star Funds and Export-Import Bank of Korea. Three years later, Korea Exchange Bank merges with Hana Bank, and KEB Hana Bank is formed.

Routing Number

The route number consists of 9 digits that represent the efficiency and guarantee in a bank transfer: 026003272.

Number of Employees

Currently, Korea Exchange Bank has 5.695 employees.

Rating

Moody’s, S&P Global and Fitch agencies had lowered the bank’s rating.

Currently, Korea Exchange Bank has a rating of:

  • Moody’s = A1.
  • S&P Global = A+.
  • Fitch = A-.

A1 (Moody’s) = It means that the entity has medium-high quality, low credit risk, but with elements that suggest a susceptibility to long-term deterioration.

A+ (S&P Global) = The economic situation could affect financing.

A- (Fitch) = It has great solvency capacity and low risk of default.

Headquarters

The headquarters of the bank is in Jung-gu, Seoul, South Korea.

Website

To access the Korea Exchange Bank website and get more information go to the link: https://www.kebhana.com

Services

This institution offers corporate, retail, commercial, and investment banking services. It specializes in the exchange of international currencies through Forex and the purchase and sale of coins from various countries. It also provides bank transfer services (simple and multiple), checking account statements, deposits, loans, payments, and several financial services.

Contact

Address: 66 Eulji Ro, Jung-gu, Seoul, South Korea.

Phone Number: 1588-1111 / 1599-1111, + 82-42-520-2500 (Abroad).