South Korea Banks

BankBranchFoundedBest RateTypeTermOwnership
HSBC Korea18972.00%Deposits1 yearForeign
Kookmin Bank1,2001963N/AN/AN/ALocal
Woori Bank1,0001899N/AN/AN/ALocal
Hana Bank6001971N/AN/AN/ALocal
Standard Chartered Bank South Korea3561929N/AN/AN/AForeign
Korea Exchange Bank1967N/AN/AN/AN/A
Kyongnam Bank16619702.10%Deposits1 yearLocal
Citibank Korea2001967N/AN/AN/AForeign

South Korea Deposit Rates (Fixed Interest)

BankBranchFoundedInterest RateChangeCurrencyLast Updated
Kyongnam Bank16619702.10%KRWMar 2015
HSBC Korea18972.00% - KRWMar 2015

South Korea Savings Accounts (Floating Rates)

BankBranchFoundedInterest RateChangeCurrencyLast Updated
HSBC Korea18971.40% - KRWMar 2015

Economy

Compare Bank Deposit Rates in South Korea

The South Korean economy with a population of 48.8 Million (Est 2010) ranks 12th in the world with a GDP PPP of 1.36 trillion and GDP PPP per capita of 27,938 vs 45,934 (United States) according to the IMF in 2009. Its currency is the South Korean won (₩)(KRW). Bank deposits held for a fixed term in South Korea are called time deposits. According to CIA.gov its inflation was 4.7% in 2008 and 2.8% in 2009.