KOREA DEVELOPMENT BANK, THE, SEOUL - SWIFT/BIC Code

KOREA DEVELOPMENT BANK, THE, SEOUL - SWIFT Code Information

SWIFT Code / BIC
KODBKRSE001
Bank / Institution
KOREA DEVELOPMENT BANK, THE
Address
16-3, YEOUIDO-DONG, YEOUNG DEUNGPO-GU
City
SEOUL
Postcode
150-973
Country
South Korea
Connection
Active
KODBKRSE001 - SWIFT Code Breakdown
SWIFT Code
KODBKRSE or KODBKRSE001
Bank Code
KODB - code assigned to KOREA DEVELOPMENT BANK, THE
Country Code
KR - code belongs to South Korea
Location & Status
SE - represents location, second digit means active code
Branch Code
001 or not assigned, indicating this is a head office
Head Office
KODBKRSE - primary office of KOREA DEVELOPMENT BANK, THE, South Korea

What is a SWIFT Code KODBKRSE001?

SWIFT Code is a standard format of Bank Identifier Code (BIC) used to specify a particular bank or branch. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use these codes for exchanging messages between them.

SWIFT codes comprise of 8 or 11 characters. All 11 digit codes refer to specific branches, while 8 digit codes (or those ending in 'XXX') refer to the head or primary office. SWIFT codes are formatted as follows:

AAAA BB CC DDD

  • First 4 characters - bank code (only letters)
  • Next 2 characters - ISO 3166-1 alpha-2 country code (only letters)
  • Next 2 characters - location code, passive participant will have "1" in the second character (letters and digits)
  • Last 3 characters - branch code, optional - 'XXX' for primary office (letters and digits)

The registrations of SWIFT Codes are handled by Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) and their headquarters is located in La Hulpe, Belgium. SWIFT is the registered trademark of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium.

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