South Korea · Financial institution
Busan Bank
Legal name in the LEI record(주)부산은행
Busan Bank is a South Korean commercial bank incorporated as a stock company, with its head office in Nam-gu, Busan. It is a subsidiary of BNK Financial Group Inc., the holding company that also owns BNK Kyongnam Bank. The bank was founded in 1967 and serves retail, SME and corporate customers, mainly in the Busan region. Its overseas network includes branches in Qingdao, Nanjing and Ho Chi Minh City.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- PUSBKR2PXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under PUSBKR2P directly.
- Swift GPI
- Live member
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- 3 branch codes
- BIC first registered
- 1992-03-02
- Last updated
- 2022-02-14
Overview
Researched 29 Sep 2026 · Sources
Total assets
Not published
Employees
Not published
Ownership
Group subsidiary
100% BNK Financial Group Inc.
Institution type
Commercial bank
Trades as BNK Busan Bank (BNK부산은행)
- Ownership
- BNK Financial Group Inc., a holding company listed on the Korea Exchange, holds 100% of the bank.
- Direct parent
- BNK Financial Group Inc., South Korea 100%
- Head office
- 30 Munhyeongeumyung-ro (Munhyeon-dong), 48400 Busan, South Korea
Business lines
The bank lends mainly to small and medium-sized enterprises and households in the Busan region, and also offers trust, foreign exchange and trade services.
Online
- Websites & references
- busanbank.co.kr ↗
ebank.busanbank.co.kr ↗ corporate internet banking
ibank.busanbank.co.kr ↗ personal internet banking
museum.busanbank.co.kr ↗ Busan Bank financial history museum
Wikipedia ↗ - Official social accounts
- Facebook ↗ · Instagram ↗ · YouTube ↗
Sources · 15 pages consulted
- bnkfg.com/01/07.jsp
- busanbank.co.kr/
- ebank.busanbank.co.kr/ib20/mnu/ECB00001
- busanbank.co.kr/ib20/mnu/BHPBKI419005001
- eng.bnkfg.com/01/06.jsp
- eng.bnkfg.com/01/11.jsp
- dealsite.co.kr/articles/160470
- dealsite.co.kr/articles/154218
- fntimes.com/html/view.php?ud=20260728210931441b5a221379_18
- newsis.com/view/NISX20260430_0003613910
- news.nate.com/view/20260522n16657
- newstopkorea.com/news/articleView.html?idxno=30041
- newseyes.net/news/view.php?idx=7491
- g-enews.com/article/Finance/2024/07/20240724164322332bbed569d68_1
- en.wikipedia.org/wiki/Busan_Bank
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Kim Sung-joo (김성주)
President and CEO (15th President of Busan Bank)
- Chair
- Jeon Jung-ok (전중옥) Chair of the Board of Directors (outside director)
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- South Korea
- Financial Services Commission OtherResolution
- South Korea
- Financial Supervisory Service Prudential supervisorConductAML supervisor
- South Korea
- Korea Financial Intelligence Unit AML supervisor
- South Korea
- Bank of Korea Central bank
Recent events 5 enforcement or investigation items
Researched 29 Sep 2026 · Sources
-
Enforcement
The Financial Supervisory Service fined the bank KRW 12 million for reporting two 2024 loan-fraud incidents late.
news.nate.com ↗ -
Enforcement
The Financial Supervisory Service fined the bank KRW 212 million over board approval and disclosure of equity bought from parties related to its major shareholder.
newsis.com ↗ -
Enforcement
The Financial Supervisory Service issued one management caution and four improvement orders on the bank's AML framework.
newseyes.net ↗ -
Leadership
Shareholders appointed Kim Sung-joo as the bank's CEO, succeeding Bang Seong-bin.
dealsite.co.kr ↗ -
Enforcement
The Korea Financial Intelligence Unit fined the bank KRW 928.5 million for breaches of cash-transaction reporting, STR and customer due diligence rules.
newstopkorea.com ↗ -
Enforcement
The Financial Supervisory Service imposed heavy sanctions on BNK Financial Group and the bank over share-price manipulation during a 2015 rights issue.
g-enews.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- PUSBKR2PXXX
- How the BIC breaks down
- PUSBBank
- KRCountry · South Korea
- 2PLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 98840019Y9P721BO0L96
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- South Korea · East Asia & Pacific
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
The Busan Bank group has 4 institutions in the directory, in 3 countries: all hold a BIC.
Including Busan Bank Qingdao Branch.
See the Busan Bank group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- MUNHYEONGEUMYUNG- RO30 NAM- GU BUSAN 48400 131 KOREA, REPUBLIC OF
- Operational address
- NAM- GU30 MUNHYEONGEUMYUNG- RO BUSAN BUSAN KOREA, REPUBLIC OF
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>PUSBKR2PXXX</BICFI>
<LEI>98840019Y9P721BO0L96</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>PUSBKR2PXXX</BICFI>
<LEI>98840019Y9P721BO0L96</LEI>
<Nm>BUSAN BANK</Nm>
<PstlAdr>
<TwnNm>BUSAN</TwnNm>
<Ctry>KR</Ctry>
<AdrLine>MUNHYEONGEUMYUNG- RO30 NAM- GU BUSAN 48400 131</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Network
Branch network
All 3 branch BICs connect to the head office. No city, function or registration year splits them into groups.
Hover over a branch or group to see its details
Branch codes
| BIC | Branch | City | Address | LEI | Updated |
|---|---|---|---|---|---|
| PUSBKR2PINT | INTERNATIONAL DEPARTMENT SEOUL | Seoul | KUMSEKI BUILDING FLOOR 3 CHUNG- KU16 1- KA ULCHI- RO SEOUL 100 191 SEOUL POB 3899 KOREA, REPUBLIC OF | — | 2018-03-27 |
| PUSBKR2PMAS | MASAN BRANCH | Changwon | BONGYANG- RO, MASANWHEWON- GU190 KYUNGNAM PROVINCE CHANGWON CHANGWON POB 430 KOREA, REPUBLIC OF | — | 2024-04-10 |
| PUSBKR2PSEL | SEOUL BRANCH | Seoul | KUMSEKI BUILDING FLOOR 1 CHUNG- KU16 ULCHI- RO, 1- KA SEOUL 100 191 SEOUL POB 3899 KOREA, REPUBLIC OF | — | 2018-03-27 |
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Kim Sung-joo (김성주): bnkfg.com (official website) · original.
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A BIC identifies an institution; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
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