South Korea Interest Rates

The South Korean economy with a population of 48.8 Million (Est 2010) ranks 12th in the world with a GDP PPP of 1.36 trillion and GDP PPP per capita of 27,938 vs 45,934 (United States) according to the IMF in 2009. Its currency is the South Korean won (₩)(KRW). Bank deposits held for a fixed term in South Korea are called time deposits. According to its inflation was 4.7% in 2008 and 2.8% in 2009.

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South Korea Bank Photos

South Korea Banks

Provider Branch Founded Ownership
Shinhan Bank Shinhan Bank 830 1897 Local
Industrial Bank of Korea Industrial Bank Of Korea 629 1964 Local
Hana Bank Hana Bank 600 1971 Local
Standard Chartered Bank South Korea Standard Chartered Bank South Korea 356 1929 Foreign
Citibank Korea Citibank Korea 200 1967 Foreign
Kyongnam Bank Kyongnam Bank 166 1970 Local
Kookmin Bank Kookmin Bank 1,200 1963 Local
Woori Bank Woori Bank 1,000 1899 Local
Korea Exchange Bank Korea Exchange Bank 1967 N/A
HSBC Korea HSBC Korea 1897 Foreign

South Korea Discussion Activity

  • Shinhan Bank
    Q: i want to open a private account an deposit electrocnic cashier check from BOFA

    Reply David from Republic of Korea
  • Kookmin Bank
    Q: if i deposit fix money what is the interest rate of 1 month

    Reply satnam from Gangneung, Republic of Korea