Hana Bank SWIFT Code: KOEXKRSE

Hana Bank SWIFT Code: KOEXKRSE

The SWIFT/BIC code for Hana Bank is KOEXKRSE. KOEX identifies the bank (inherited from Korea Exchange Bank, which merged with Hana in 2015), KR stands for South Korea, and SE is the Seoul location code.

Hana Bank is South Korea's third-largest commercial bank, part of Hana Financial Group. The 2015 merger with Korea Exchange Bank — historically South Korea's premier foreign exchange bank — gave Hana a dominant position in cross-border KRW transactions.

KRW-USD Foreign Exchange at Hana

Hana Bank inherited Korea Exchange Bank's foreign currency dealing expertise. The bank is one of the most active KRW-USD market makers and processes a large share of South Korea's FX-linked wire transfers. Hana's FX rates are often among the most competitive for USD-KRW conversions.

Incoming wires in USD or EUR settle within 1 to 2 business days. The bank charges KRW 10,000 to KRW 20,000 for incoming international transfers. For large corporate transactions, negotiated FX rates apply.

Post-Merger Structure and Routing

Since the Korea Exchange Bank merger, all international wire transfers use the KOEXKRSE code. The legacy Hana Bank code (HNBNKRSE) was retired. Senders should verify they use KOEXKRSE for all Hana Bank transfers to avoid routing delays.

Hana Bank has branches in 24 countries including the US, UK, China, Japan, Indonesia, and Vietnam. Transfers from Hana overseas branches to Korean accounts route directly, bypassing intermediary banks and reducing fees by KRW 5,000 to KRW 10,000 per transfer.

How Slash fits in

Slash records Hana Bank wire activity and provides real-time visibility into KRW cash flows. FX conversion rates on each transfer are logged, making it straightforward to reconcile international payment costs across your Korean accounts.