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Financial services in South Korea

Article Id: WHEBN0011584684
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Title: Financial services in South Korea  
Author: World Heritage Encyclopedia
Language: English
Subject: Economy of South Korea, Agriculture in South Korea, Korea, Service industries, Transport in South Korea
Collection: Finance in South Korea, Financial Services by Country, Service Industries
Publisher: World Heritage Encyclopedia

Financial services in South Korea

Financial services in South Korea refers to the services provided in ROK by the finance industry: banks, investment banks, insurance companies, credit card companies, consumer finance companies, government sponsored enterprises, and stock brokerages.

Foreign banks

Foreign banks (Citibank, HSBC, Deutsche Bank, etc.) which have a presence in ROK are not international branches, but rather wholly Korean entities, due to Korean law.

International ATMs

Korean citizens may apply for an international ATM card corresponding to an interbank network such as Cirrus or PLUS, but

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