---
title: "Busan Bank SWIFT/BIC code PUSBKR2PXXX · South Korea | Elucidate"
description: "SWIFT/BIC code PUSBKR2PXXX for Busan Bank, South Korea. 3 branch BICs, LEI 98840019Y9P721BO0L96, addresses and Swift connectivity."
url: https://elucidate.co/directory/busan-bank-pusbkr2p
---
1. [Directory](https://elucidate.co/directory)
2. [South Korea](https://elucidate.co/directory/country/kr)
3. Busan Bank
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.
BIC **PUSBKR2PXXX** LEI **[98840019Y9P721BO0L96](https://search.gleif.org/#/record/98840019Y9P721BO0L96)** Licence no. **Not on a tracked register** Connected to Swift Swift GPI live member [**3** branch codes](https://elucidate.co/directory/busan-bank-pusbkr2p#branches) [Group: Busan Bank](https://elucidate.co/directory/group/98840019Y9P721BO0L96) [Claim this profile](https://elucidate.co/directory/busan-bank-pusbkr2p#claim)
## 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 Swift
- **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](https://elucidate.co/directory/busan-bank-pusbkr2p#branches)
- **Other BICs with this LEI:** [PUSBCNBN](https://elucidate.co/directory/busan-bank-nanjing-branch-pusbcnbn) · [PUSBVNVX](https://elucidate.co/directory/the-busan-bank-co-ltd-hochiminh-city-branch-pusbvnvx)
- **BIC first registered:** 1992-03-02
- **Last updated:** 2022-02-14
## Overview
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/busan-bank-pusbkr2p#overview-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
- Retail banking
- SME banking
- Corporate banking
- Mortgage lending
- Trade finance
- Transaction banking & payments
- Cards
- Private banking & wealth
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 ↗](https://www.busanbank.co.kr/) [ebank.busanbank.co.kr ↗](https://ebank.busanbank.co.kr/) corporate internet banking [ibank.busanbank.co.kr ↗](https://ibank.busanbank.co.kr/) personal internet banking [museum.busanbank.co.kr ↗](https://museum.busanbank.co.kr/) Busan Bank financial history museum [Wikipedia ↗](https://en.wikipedia.org/wiki/Busan_Bank)
- **Official social accounts:** [Facebook ↗](https://www.facebook.com/busanbank/) · [Instagram ↗](https://www.instagram.com/bnk_busanbank/) · [YouTube ↗](https://www.youtube.com/c/Busanbankbnk)
Sources · 15 pages consulted
1. [bnkfg.com/01/07.jsp](https://www.bnkfg.com/01/07.jsp)
2. [busanbank.co.kr/](https://www.busanbank.co.kr/)
3. [ebank.busanbank.co.kr/ib20/mnu/ECB00001](https://ebank.busanbank.co.kr/ib20/mnu/ECB00001)
4. [busanbank.co.kr/ib20/mnu/BHPBKI419005001](https://www.busanbank.co.kr/ib20/mnu/BHPBKI419005001)
5. [eng.bnkfg.com/01/06.jsp](https://eng.bnkfg.com/01/06.jsp)
6. [eng.bnkfg.com/01/11.jsp](https://eng.bnkfg.com/01/11.jsp)
7. [dealsite.co.kr/articles/160470](https://dealsite.co.kr/articles/160470)
8. [dealsite.co.kr/articles/154218](https://dealsite.co.kr/articles/154218)
9. [fntimes.com/html/view.php?ud=20260728210931441b5a221379\_18](https://www.fntimes.com/html/view.php?ud=20260728210931441b5a221379_18)
10. [newsis.com/view/NISX20260430\_0003613910](https://www.newsis.com/view/NISX20260430_0003613910)
11. [news.nate.com/view/20260522n16657](https://news.nate.com/view/20260522n16657)
12. [newstopkorea.com/news/articleView.html?idxno=30041](https://www.newstopkorea.com/news/articleView.html?idxno=30041)
13. [newseyes.net/news/view.php?idx=7491](https://newseyes.net/news/view.php?idx=7491)
14. [g-enews.com/article/Finance/2024/07/20240724164322332bbed569d68\_1](https://www.g-enews.com/article/Finance/2024/07/20240724164322332bbed569d68_1)
15. [en.wikipedia.org/wiki/Busan\_Bank](https://en.wikipedia.org/wiki/Busan_Bank)
## Leadership
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/busan-bank-pusbkr2p#overview-sources)
- **Chief executive:**  Kim Sung-joo (김성주) President and CEO (15th President of Busan Bank) Confirmed 29 Sep 2026 · [bnkfg.com ↗](https://www.bnkfg.com/01/07.jsp)
- **Chair:** Jeon Jung-ok (전중옥) Chair of the Board of Directors (outside director) Confirmed 21 Apr 2026 · [dealsite.co.kr ↗](https://dealsite.co.kr/articles/160470)
## Supervisors & regulators
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/busan-bank-pusbkr2p#overview-sources)
- **South Korea:** Financial Services Commission Other Resolution
- **South Korea:** Financial Supervisory Service Prudential supervisor Conduct AML 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](https://elucidate.co/directory/busan-bank-pusbkr2p#overview-sources)
1. May 2026
Enforcement
The Financial Supervisory Service fined the bank KRW 12 million for reporting two 2024 loan-fraud incidents late.
[news.nate.com ↗](https://news.nate.com/view/20260522n16657)
2. May 2026
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 ↗](https://www.newsis.com/view/NISX20260430_0003613910)
3. Dec 2025
Enforcement
The Financial Supervisory Service issued one management caution and four improvement orders on the bank's AML framework.
[newseyes.net ↗](https://newseyes.net/news/view.php?idx=7491)
4. Dec 2025
Leadership
Shareholders appointed Kim Sung-joo as the bank's CEO, succeeding Bang Seong-bin.
[dealsite.co.kr ↗](https://dealsite.co.kr/articles/154218)
5. Aug 2025
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 ↗](https://www.newstopkorea.com/news/articleView.html?idxno=30041)
6. Jul 2024
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 ↗](https://www.g-enews.com/article/Finance/2024/07/20240724164322332bbed569d68_1)
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:** 1. PUSB Bank 2. KR Country · South Korea 3. 2P Location 4. XXX Branch · head office
- **Branch description:** Not recorded in the directory
- **LEI:** 98840019Y9P721BO0L96
- **LEI record:** [View on GLEIF ↗](https://search.gleif.org/#/record/98840019Y9P721BO0L96)
- **How the LEI was matched:** BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
## Profile
- **Type:** Financial institution
- **Regulation:** Not on a tracked register
- **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](https://elucidate.co/directory/busan-bank-qingdao-branch-pusbcnbq).
[See the Busan Bank group →](https://elucidate.co/directory/group/98840019Y9P721BO0L96)
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
```xml
PUSBKR2PXXX
98840019Y9P721BO0L96
```
### 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
```xml
PUSBKR2PXXX
98840019Y9P721BO0L96
BUSAN BANK
BUSAN
KR
MUNHYEONGEUMYUNG- RO30 NAM- GU BUSAN 48400 131
```
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.
### Branch codes
| BIC | Branch | City | Address | LEI | Updated |
| --- | --- | --- | --- | --- | --- |
| [PUSBKR2PINT](https://elucidate.co/directory/busan-bank-pusbkr2p-int) | 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](https://elucidate.co/directory/busan-bank-pusbkr2p-mas) | MASAN BRANCH | Changwon | BONGYANG- RO, MASANWHEWON- GU190 KYUNGNAM PROVINCE CHANGWON CHANGWON POB 430 KOREA, REPUBLIC OF | — | 2024-04-10 |
| [PUSBKR2PSEL](https://elucidate.co/directory/busan-bank-pusbkr2p-sel) | 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 |
[See every BIC in South Korea →](https://elucidate.co/directory/country/kr#bics)
## Related institutions
### Same legal entity
- [Busan Bank Nanjing Branch BIC PUSBCNBN Financial institution Not on a tracked register China · Not on a tracked register · LEI 98840019Y9P721BO0L96](https://elucidate.co/directory/busan-bank-nanjing-branch-pusbcnbn)
- [The Busan Bank CO., Ltd. Hochiminh City Branch BIC PUSBVNVX Financial institution Not on a tracked register Vietnam · Not on a tracked register · LEI 98840019Y9P721BO0L96](https://elucidate.co/directory/the-busan-bank-co-ltd-hochiminh-city-branch-pusbvnvx)
Other BICs mapped to the same LEI.
### Same group
- [Busan Bank Qingdao Branch BIC PUSBCNBQ Financial institution Not on a tracked register China · Not on a tracked register · LEI 300300C1211837000026](https://elucidate.co/directory/busan-bank-qingdao-branch-pusbcnbq)
[All 4 institutions in the Busan Bank group →](https://elucidate.co/directory/group/98840019Y9P721BO0L96)
### Largest institutions in South Korea
- [Kookmin Bank BIC CZNBKRSE Financial institution Not on a tracked register South Korea · Not on a tracked register · LEI 549300XXMOJSIW8P4769](https://elucidate.co/directory/kookmin-bank-cznbkrse)
- [Bank of China Seoul Branch BIC BKCHKRSE Credit institution Prudential licence South Korea · On the FSB G-SIB list · LEI 54930053HGCFWVHYZX42](https://elucidate.co/directory/bank-of-china-seoul-branch-bkchkrse)
- [Korea Securities Depository BIC KSDCKRSE Financial institution Not on a tracked register South Korea · Not on a tracked register · LEI 9884008RRMX1X5HV6625](https://elucidate.co/directory/korea-securities-depository-ksdckrse)
- [Shinhan Bank BIC SHBKKRSE Financial institution Not on a tracked register South Korea · Not on a tracked register · LEI 5493003P813VL21KG928](https://elucidate.co/directory/shinhan-bank-shbkkrse)
- [Citibank Korea Inc. BIC CITIKRSX Financial institution Not on a tracked register South Korea · Not on a tracked register · LEI 745P3MMS7E8CUVXDRJ82](https://elucidate.co/directory/citibank-korea-inc-citikrsx)
- [Keb Hana Bank BIC KOEXKRSE Financial institution Not on a tracked register South Korea · Not on a tracked register · LEI 6RPK2YDJN6L35AS0M510](https://elucidate.co/directory/keb-hana-bank-koexkrse)
- [Morgan Stanley and CO. International PLC, Seoul Branch BIC MSKRKRSX Financial institution Not on a tracked register South Korea · Not on a tracked register · LEI 4PQUHN3JPFGFNF3BB653](https://elucidate.co/directory/morgan-stanley-and-co-international-plc-seoul-branch-mskrkrsx)
- [Shinhan Securities CO., Ltd. BIC SSISKRS1 Financial institution Not on a tracked register South Korea · Not on a tracked register · No LEI mapped](https://elucidate.co/directory/shinhan-securities-co-ltd-ssiskrs1)
[See every BIC in South Korea →](https://elucidate.co/directory/country/kr#bics)
Claim this profile
## Work at Busan Bank?
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3. 03 **Profile claimed** The page is marked as claimed and verified. You can send us corrections at any time.
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 →](https://elucidate.co/directory/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](https://www.bnkfg.com/01/07.jsp) (official website) · [original](https://www.bnkfg.com/images/contents/con1_7_3_ceo.jpg).
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Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.