Shinhan Bank SWIFT Code: SHBKKRSE

Shinhan Bank SWIFT Code: SHBKKRSE

The SWIFT/BIC code for Shinhan Bank is SHBKKRSE. SHBK identifies Shinhan Bank, KR stands for South Korea, and SE is the Seoul location code. This code routes international wire transfers to Shinhan Bank accounts.

Shinhan Financial Group is South Korea's largest financial holding company by assets. Shinhan Bank was the first Korean bank to be listed on the New York Stock Exchange (2001). The group serves over 23 million customers.

KRW Correspondent Banking and FX Markets

The Korean won (KRW) trades actively in global FX markets but is subject to Bank of Korea oversight. Shinhan Bank is one of the primary KRW market makers and a major correspondent bank for USD-KRW conversions. The bank processes high volumes of trade-related transfers for Korean semiconductor, auto, and steel exporters.

Incoming international wires to Shinhan in USD or EUR settle within 1 to 2 business days. KRW wires from other Korean banks settle same-day through the Bank of Korea's BOK-Wire+ system. Transfer fees range from KRW 10,000 to KRW 25,000 for incoming wires.

Shinhan's Global Network in the US and Asia

Shinhan Bank operates branches in New York, Los Angeles, and other US cities, serving both Korean expatriates and corporate clients. The bank also has strong operations in Japan, Vietnam, Indonesia, and India — markets where Korean companies maintain manufacturing operations.

For Korean companies like Samsung, Hyundai, LG, and SK Group, Shinhan is a primary banking partner for international treasury operations. Capital goods and electronics trade wires represent a major share of SHBKKRSE's SWIFT traffic.

How Slash fits in

Slash captures Shinhan Bank wire transfers and tracks KRW-denominated trade and treasury payments across your Korean banking relationships. FX conversion details for USD-KRW and EUR-KRW flows are recorded automatically.