Need a bank account in Korea? It’s not easy if you are a foreigner- especially, because a bunch of foreign teachers got busted for drug possession. Instead of going on that tangent here is a list of banks in Korea with a basic rating of their friendliness.
Many of these require internet explorer only.
|Bank Name||Comment||Foreigner Friendliness Rating (0-5, 5 being best)|
|Bank of Korea||Click on “English” They don’t really deal with private customers||? – Never had an encounter|
|Korea Eximbank||I think this is a bank for exporters and importers explicitly||? – Never had an encounter|
|Hana Bank||Only supports Korean Speakers||0 – complete site is in Korean|
|Kookmin Bank (KB)||Their Itaewon branch is a very good place to get help||3|
|Korea Exchange Bank (KEB)||These guys make an effort to reach our to the ex-patriots||4|
|Kyongnam Bank||I’m guessing by the looks of it is part of the Woori Financial Group||1|
|Shinhan Bank||Decent bank, but they don’t have many interface for English doesn’t work very well||3|
|Pusan Bank||Another one of those sites that just explain what their bank is about.||1|
|American Express||American Express has great customer service but American Express in Korea, isn’t easy to deal with.||2|
|International Bank Korea (IBK)||Another bank I’m not familiar with, but looks like they have some English speaking interfaces||3|
|Woori Bank||Another Bank you’ll see in Korea||3|
|Daegu Bank||Another local city bank||1|
|Standard Chartered Bank (SC)||They recently merged/bought with “Jaeil” Bank||3|
|Nong Hyup Bank (NH)||I believe this was originally the blue collar workers’ bank||3|
|Cho Hung Bank (CHB)||Was bought/merged with Shinhan||N/A|
|Korea Development Bank||Another one of those government institution type banks||1|
|Hong Kong Shanghai Banking Corporation (HSBC)||They make quite the effort to serve English speakers everywhere||4|
Korean American Banks –
Nara Bank specifically for those in the US
Banks in North Korea:
They don’t have English friendly websites… or websites that I know of for that matter.
I’m sure I’ve missed a bank here and there, but here are the banking options that I know of. Feel free to add your own suggestions and ratings in the comments.