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| KEB headquarters in Seoul |
Korea Exchange Bank (KEB) was one of the largest Korean banks based on local banking deposits with about 7% of market share. It operated approximately 330 domestic and 36 overseas branches in 22 countries. KEB’s shares have been traded on the Korea Stock Exchange since 1994. As of December 2008, Lone Star, a U.S. private equity firm, was the largest shareholder with a 51.02% stake in the Bank. KEB was one of the very few specialized banks in South Korea that buy and sell foreign currency coinage. Even though South Korea is an economically-free area and many other commercial banks such as Kookmin Bank and Shinhan Bank provide foreign exchange services, KEB earned the largest income from foreign exchange products, as many people still think KEB as the only foreign exchange bank, or that their services are most accessible. 40% of South Korea's foreign exchange income is held by Korea Exchange Bank. The Bank was founded in 1967 by the Korean Government and privatized in December 1989. As of March 2013, KEB had total assets of KRW 105.466 trillion (US$95 billion) and deposits of KRW 66.432 trillion (US$60 billion).
In February 2012, Hana Financial Group completed acquisition of Korea Exchange Bank from Lone Star Funds and Export Import Bank of Korea. In September 2015, Korea Exchange Bank and Hana Bank were being consolidated and new entity was named KEB Hana Bank.
Head office address:
KEB Hana Bank
66 Euljiro, Jung-gu, Seoul
South Korea
Phone number: 1599 6111
Overseas: 82 42 520 2500
Website: www.kebhana.com