SWIFT/BIC code DAMGKRS1XXX
DAMGKRS1XXX belongs to Dongbu Asset Management in Seoul, South Korea.
Code details
| SWIFT/BIC code | DAMGKRS1XXX |
|---|---|
| 8-character code | DAMGKRS1 |
| Branch code | XXX |
| Bank | Dongbu Asset Management |
| Branch | Head office |
| City | Seoul |
| Country | South Korea |
How the Dongbu Asset Management SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- DAMG Bank code
- 4 letters that identify the bank.
- KR Country code
- 2 letters for the country (ISO 3166).
- S1 Location code
- 2 characters for the city or region of the head office.
- XXX Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
What bank is behind SWIFT/BIC code DAMGKRS1XXX?
The code DAMGKRS1XXX belongs to the main office of Dongbu Asset Management in Seoul, South Korea. Use it when you send money to an account at Dongbu Asset Management.
What is the cheapest way to send money to Dongbu Asset Management in South Korea?
Many banks add several percent to the exchange rate on top of a fee. Compare the amount that arrives in South Korea with transfer services before you send.
Is DAMGKRS1 and DAMGKRS1XXX the same code?
Yes, they are. DAMGKRS1 is the short version of DAMGKRS1XXX. XXX simply means head office, so both routes your payment to Dongbu Asset Management in Seoul.
How long does a transfer to Dongbu Asset Management take in South Korea?
A SWIFT payment typically takes 1–5 business days, depending on correspondent banks and time zones. Money transfer services are often faster and cheaper.
What does each part of DAMGKRS1XXX stand for?
DAMG is the institution code of Dongbu Asset Management, KR stands for South Korea, S1 is the location code and XXX means the main office.
Which details do I need for a transfer to an account at Dongbu Asset Management?
You need the SWIFT/BIC code DAMGKRS1XXX, the IBAN or local account number of the recipient, their full name and address. South Korea is not part of SEPA, so the BIC is required.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.