Banking in Korea

Banks and financial services for foreigners in Korea

Online Bank

KakaoBank

KakaoBank is Korea's most popular mobile-only bank with over 20 million users. It offers a clean, intuitive app experience and is the easiest bank for foreigner

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Traditional Bank

KEB Hana Bank

KEB Hana Bank is widely considered the most foreigner-friendly bank in Korea. It has dedicated Foreign Exchange Centers (외환센터) staffed entirely by English speak

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Traditional Bank

Shinhan Bank

Shinhan Bank is one of Korea's largest and most trusted banks. Its mobile app, Shinhan SOL , has one of the best English interfaces among Korean banking apps, m

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International Transfer

Wise

Wise (formerly TransferWise) is the most popular international money transfer service among foreigners living in Korea. It offers the real mid-market exchange r

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Online Bank

Toss Bank

Toss Bank is Korea's newest and fastest-growing mobile bank, launched in 2021. Built by Viva Republica, the company behind Korea's most popular fintech app Toss

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Traditional Bank

IBK Industrial Bank of Korea

IBK Industrial Bank of Korea (기업은행) is a government-owned bank specializing in small and medium-sized enterprises (SMEs). It is one of the most commonly used ba

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