---
title: "Nonghyup Bank (Nh Bank) SWIFT/BIC code NACFKRSEXXX · South Korea | Elucidate"
description: "SWIFT/BIC code NACFKRSEXXX for Nonghyup Bank (Nh Bank), South Korea. Head-office BIC, LEI 988400GSDJCW3LKJBD20, addresses and Swift connectivity."
url: https://elucidate.co/directory/nonghyup-bank-nh-bank-nacfkrse
---
1. [Directory](https://elucidate.co/directory)
2. [South Korea](https://elucidate.co/directory/country/kr)
3. Nonghyup Bank (Nh Bank)
South Korea · Financial institution
# Nonghyup Bank (Nh Bank)
Legal name in the LEI record 농협은행 주식회사
NongHyup Bank (농협은행 주식회사) is a Korean joint-stock company with its head office at 120 Tongil-ro, Jung-gu, Seoul. It is wholly owned by NongHyup Financial Group Inc., the financial holding company of the National Agricultural Cooperative Federation (NACF). The bank provides retail, corporate and SME banking, cards and foreign-exchange services through a domestic branch network and overseas branches. It was established on 2 March 2012, when the NACF's credit and banking business was split off into a separate company.
BIC **NACFKRSEXXX** LEI **[988400GSDJCW3LKJBD20](https://search.gleif.org/#/record/988400GSDJCW3LKJBD20)** Licence no. **Not on a tracked register** Connected to Swift Swift GPI live member Head-office BIC only [Claim this profile](https://elucidate.co/directory/nonghyup-bank-nh-bank-nacfkrse#claim)
## Licences and registrations
Held by the legal entity, not by this BIC
This BIC is mapped to LEI 988400GSDJCW3LKJBD20 (농협은행 주식회사) in the Swift and GLEIF BIC-to-LEI file. The legal entity’s page is [Nonghyup Bank (NACFAU2S)](https://elucidate.co/directory/nonghyup-bank-nacfau2s). None matched by LEI in the 22 tracked registers.
The Swift name for this BIC differs from the legal name in GLEIF.
Licences belong to the legal entity. Each applies in the country of the regulator that granted it, not to every BIC that carries the LEI.
## Swift network
Swift’s ISO 9362 BIC directory
- **BIC:** NACFKRSEXXX 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:** None: head-office BIC only
- **Other BICs with this LEI:** [NACFAU2S](https://elucidate.co/directory/nonghyup-bank-nacfau2s) · [NACFINDD](https://elucidate.co/directory/nonghyup-bank-nacfindd) · [NACFCNBJ](https://elucidate.co/directory/nonghyup-bank-beijing-branch-nacfcnbj) · [NACFVNVH](https://elucidate.co/directory/nonghyup-bank-hanoi-branch-nacfvnvh) · [NACFHKHH](https://elucidate.co/directory/nonghyup-bank-hong-kong-branch-nacfhkhh) · [NACFGB2L](https://elucidate.co/directory/nonghyup-bank-london-branch-nacfgb2l) +1 more
- **BIC first registered:** 1992-03-02
- **Last updated:** 2026-09-04
## Overview
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/nonghyup-bank-nh-bank-nacfkrse#overview-sources)
Total assets
Not published
Employees
Not published
Ownership
Group subsidiary
100% NongHyup Financial Group Inc. (농협금융지주회사)
Institution type
Commercial bank
Trades as NH NongHyup Bank (NH농협은행)
- **Ownership:** NongHyup Financial Group Inc. holds 100% of the bank and is itself owned by the National Agricultural Cooperative Federation.
- **Direct parent:** NongHyup Financial Group Inc. (농협금융지주회사), South Korea 100%
- **Ultimate owner:** National Agricultural Cooperative Federation (농업협동조합중앙회), South Korea
- **Major shareholder:** NongHyup Financial Group Inc. 100%
- **Head office:** 120 Tongil-ro, Jung-gu, 04517 Seoul, South Korea
### Business lines
- Retail banking
- Corporate banking
- SME banking
- Cards
- Transaction banking & payments
- Trade finance
The bank combines commercial banking with a policy role in agricultural and rural finance, and runs branches abroad, including in New York, Hanoi, Beijing, Hong Kong, Sydney and London.
### Online
- **Websites & references:** [nhbank.com ↗](https://www.nhbank.com/) [banking.nonghyup.com ↗](https://banking.nonghyup.com/) retail internet banking site [ibz.nonghyup.com ↗](https://ibz.nonghyup.com/) corporate internet banking site [Wikipedia ↗](https://en.wikipedia.org/wiki/Nonghyup_Bank) [Wikidata Q15283673 ↗](https://www.wikidata.org/wiki/Q15283673)
- **Official social accounts:** [Facebook ↗](https://www.facebook.com/nhnonghyupbank) · [Instagram ↗](https://www.instagram.com/nh.nonghyupbank.official) · [YouTube ↗](https://www.youtube.com/channel/UCmkkFJIalgnWovxFigYK2EA) · [Naver Blog ↗](https://blog.naver.com/nhbanksns)
Sources · 13 pages consulted
1. [nhbank.com/](https://www.nhbank.com/)
2. [nhbank.com/goEtcSubPage.do?srchGb=KO\_NHMN\_06&srchSiteGb=KO](https://www.nhbank.com/goEtcSubPage.do?srchGb=KO_NHMN_06&srchSiteGb=KO)
3. [nhbank.com/goSubPage.do?srchGb=KO\_NHCG\_02&srchSiteGb=KO](https://www.nhbank.com/goSubPage.do?srchGb=KO_NHCG_02&srchSiteGb=KO)
4. [nhbank.com/goSubPage.do?srchGb=KO\_NHIR\_02](https://www.nhbank.com/goSubPage.do?srchGb=KO_NHIR_02)
5. [nhbank.com/goSubPage.do?srchGb=KO\_NHIR\_10](https://www.nhbank.com/goSubPage.do?srchGb=KO_NHIR_10)
6. [nhfngroup.com/user/indexSub.do?codyMenuSeq=884088734&siteId=nhfngroup](https://www.nhfngroup.com/user/indexSub.do?codyMenuSeq=884088734&siteId=nhfngroup)
7. [hankyung.com/article/2026090796647](https://www.hankyung.com/article/2026090796647)
8. [m-economynews.com/news/article.html?no=70550](https://www.m-economynews.com/news/article.html?no=70550)
9. [m.news.nate.com/view/20260724n22980](https://m.news.nate.com/view/20260724n22980)
10. [fntimes.com/html/view.php?ud=202501031729571066b4a7c6999c\_18](https://www.fntimes.com/html/view.php?ud=202501031729571066b4a7c6999c_18)
11. [koreatimes.co.kr/business/banking-finance/20260923/bank-ceos-on-edge-over-year-end-reappointment-as-govern](https://www.koreatimes.co.kr/business/banking-finance/20260923/bank-ceos-on-edge-over-year-end-reappointment-as-governance-scrutiny-grows)
12. [huffingtonpost.kr/article/260839](https://www.huffingtonpost.kr/article/260839)
13. [en.wikipedia.org/wiki/Nonghyup\_Bank](https://en.wikipedia.org/wiki/Nonghyup_Bank)
## Leadership
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/nonghyup-bank-nh-bank-nacfkrse#overview-sources)
- **Chief executive:** Kang Tae-young (강태영) President and CEO (은행장, 대표이사) Confirmed 29 Sep 2026 · [nhbank.com ↗](https://www.nhbank.com/goSubPage.do?srchGb=KO_NHCG_02&srchSiteGb=KO)
- **Chair:** Ham Yu-geun (함유근) Outside Director, Chair of the Board (사외이사, 의장) Confirmed 29 Sep 2026 · [nhbank.com ↗](https://www.nhbank.com/goSubPage.do?srchGb=KO_NHCG_02&srchSiteGb=KO)
- **Executive:** Hong Gil (홍길) Standing Audit Committee Member (상근감사위원) Confirmed 29 Sep 2026 · [nhbank.com ↗](https://www.nhbank.com/goSubPage.do?srchGb=KO_NHCG_02&srchSiteGb=KO)
## Supervisors & regulators
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/nonghyup-bank-nh-bank-nacfkrse#overview-sources)
- **South Korea:** Financial Services Commission (including the Korea Financial Intelligence Unit) Other AML supervisor
- **South Korea:** Financial Supervisory Service Prudential supervisor Conduct
- **South Korea:** Bank of Korea Central bank
## Recent events 2 enforcement or investigation items
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/nonghyup-bank-nh-bank-nacfkrse#overview-sources)
1. Sep 2026
Enforcement
The Korea Financial Intelligence Unit fined the bank KRW 25.9 million for not verifying an agent's authority when opening three accounts in 2021.
[hankyung.com ↗](https://www.hankyung.com/article/2026090796647)
2. Jun 2026
Other
NongHyup Financial Group injected KRW 500 billion of new capital into the bank, funded by a capital increase from the NACF.
[m.news.nate.com ↗](https://m.news.nate.com/view/20260724n22980)
3. Oct 2025
Enforcement
The Korea Financial Intelligence Unit fined the bank KRW 554.5 million for customer due diligence breaches on 56 accounts opened in 2020–2024.
[m-economynews.com ↗](https://www.m-economynews.com/news/article.html?no=70550)
4. Jan 2025
Leadership
Kang Tae-young took office as the bank's eighth President and CEO on 3 January 2025.
[fntimes.com ↗](https://www.fntimes.com/html/view.php?ud=202501031729571066b4a7c6999c_18)
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:** NACFKRSEXXX
- **How the BIC breaks down:** 1. NACF Bank 2. KR Country · South Korea 3. SE Location 4. XXX Branch · head office
- **Branch description:** Not recorded in the directory
- **LEI:** [988400GSDJCW3LKJBD20](https://elucidate.co/directory/nonghyup-bank-nacfau2s)
- **LEI record:** [View on GLEIF ↗](https://search.gleif.org/#/record/988400GSDJCW3LKJBD20)
- **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 registers
- **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
- **Founded:** 2012
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
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
## Addresses
- **Registered address:** NONGHYUP BUILDING 120 TONGIL- RO, JUNG- GU SEOUL 04517 KOREA, REPUBLIC OF
- **Operational address:** NONGHYUP BUILDING TONGIL- RO, JUNG- GU120 SEOUL 04517 SEOUL 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
NACFKRSEXXX
988400GSDJCW3LKJBD20
```
### 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
NACFKRSEXXX
988400GSDJCW3LKJBD20
NONGHYUP BANK (NH BANK)
SEOUL
KR
NONGHYUP BUILDING 120 TONGIL- RO, JUNG- GU SEOUL 04517
```
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.
## Related institutions
### Legal entity
- [Nonghyup Bank BIC NACFAU2S Financial institution Not on a tracked register Australia · Not on a tracked register · LEI 988400GSDJCW3LKJBD20](https://elucidate.co/directory/nonghyup-bank-nacfau2s)
The page that carries this LEI’s licences and group facts.
### Same legal entity
- [Nonghyup Bank BIC NACFINDD Financial institution Not on a tracked register India · Not on a tracked register · LEI 988400GSDJCW3LKJBD20](https://elucidate.co/directory/nonghyup-bank-nacfindd)
- [Nonghyup Bank Beijing Branch BIC NACFCNBJ Financial institution Not on a tracked register China · Not on a tracked register · LEI 988400GSDJCW3LKJBD20](https://elucidate.co/directory/nonghyup-bank-beijing-branch-nacfcnbj)
- [Nonghyup Bank Hanoi Branch BIC NACFVNVH Financial institution Not on a tracked register Vietnam · Not on a tracked register · LEI 988400GSDJCW3LKJBD20](https://elucidate.co/directory/nonghyup-bank-hanoi-branch-nacfvnvh)
- [Nonghyup Bank Hong Kong Branch BIC NACFHKHH Financial institution Not on a tracked register Hong Kong SAR China · Not on a tracked register · LEI 988400GSDJCW3LKJBD20](https://elucidate.co/directory/nonghyup-bank-hong-kong-branch-nacfhkhh)
- [Nonghyup Bank London Branch BIC NACFGB2L Financial institution Not on a tracked register United Kingdom · Not on a tracked register · LEI 988400GSDJCW3LKJBD20](https://elucidate.co/directory/nonghyup-bank-london-branch-nacfgb2l)
- [Nonghyup Bank, New York Branch BIC NACFUS33 Financial institution Not on a tracked register United States · Not on a tracked register · LEI 988400GSDJCW3LKJBD20](https://elucidate.co/directory/nonghyup-bank-new-york-branch-nacfus33)
Other BICs mapped to the same LEI.
### 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)
- [Busan Bank BIC PUSBKR2P Financial institution Not on a tracked register South Korea · Not on a tracked register · LEI 98840019Y9P721BO0L96](https://elucidate.co/directory/busan-bank-pusbkr2p)
- [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)
[See every BIC in South Korea →](https://elucidate.co/directory/country/kr#bics)
Claim this profile
## Work at Nonghyup Bank (Nh Bank)?
Claim this page to have it marked as verified by the bank, and to send us corrections. We verify every claim before anything changes on the page.
1. 01 **Submit** Tell us who you are, using your work email.
2. 02 **We verify** We check the email domain and confirm your role with the bank. This usually takes up to five business days.
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
- **Wikidata**—CC0, matched on the BIC or LEI recorded in Wikidata. It is community-edited, so check key facts.
- **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.
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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.