Seoul Financial Hub is pleased to announce the release of 'Seoul Finance Snapshot #9,' delivering the latest financial news from Seoul. We kindly ask for your attention to this publication, where financial information about the city is provided.

In this issue, we introduce domestic and foreign banks and savings banks among domestic financial institutions that engage in banking activities. You can explore the leading companies based on their distribution, total assets, and net profit, with a focus on their presence in Seoul.

○ Banks

- Definition: Bank indicates a commercial bank, excluding the Bank of Korea, that operates the banking business in a regular and organized manner.

- Current Status: There are 20 domestic banks in South Korea, with 65% having their headquarters in Seoul. Among the 34 foreign banks, 33 have branches in Seoul. Among domestic banks, Kookmin Bank had the highest total assets, amounting to KRW 573 trillion. Among foreign banks' branches, JPMorgan Chase had the highest total assets, totaling KRW 49 trillion. Korea Development Bank recorded the highest net income, exceeding KRW 1 trillion.

○ Savings Banks

- Definition: Savings banks are private financial institutions established under the Mutual Savings Bank Act to strengthen financial support for vulnerable individuals and small business owners.

- Current Status: There are 79 savings banks in South Korea, with approximately 28% located in Seoul. SBI Savings Bank had the highest total assets, reaching KRW 15.8 trillion, and OK Savings Bank recorded the highest net income, approximately KRW 376 billion. Additionally, Korea Investment Savings Bank showed the highest growth rate, 22%, compared to the previous year.

Detailed information can be found in the infographic,

and by clicking on the map, you can directly check the location status of each financial company in Seoul on Google Maps.