SWIFT/BIC code KORXKR21XXX
KORXKR21XXX belongs to Korea Exchange in Busan, South Korea.
Code details
| SWIFT/BIC code | KORXKR21XXX |
|---|---|
| 8-character code | KORXKR21 |
| Branch code | XXX |
| Bank | Korea Exchange |
| Branch | Head office |
| City | Busan |
| Country | South Korea |
The way the Korea Exchange SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- KORX Bank code
- 4 letters that identify the bank.
- KR Country code
- 2 letters for the country (ISO 3166).
- 21 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 BIC KORXKR21XXX?
KORXKR21XXX is the SWIFT/BIC code of the head office of Korea Exchange in Busan, South Korea. It is the code to use when a payment to Korea Exchange does not need a specific branch.
Is KORXKR21 and KORXKR21XXX the same code?
Yes, they are. KORXKR21 is the 8-character version of KORXKR21XXX. XXX simply refers to the head office, so either version routes your payment to Korea Exchange in Busan.
Does Korea Exchange use a single SWIFT/BIC code?
Yes – KORXKR21XXX is the single SWIFT/BIC code listed for Korea Exchange in South Korea, so you do not need to pick a branch code.
What do I need for a transfer to an account at Korea Exchange?
You need the SWIFT/BIC code KORXKR21XXX, the IBAN or local account number of the recipientand the name of the account holder. South Korea uses international SWIFT transfers, so the BIC is required.
What does each part of KORXKR21XXX stand for?
KORX is the bank code of Korea Exchange, KR is the ISO code of South Korea, 21 is the location code and XXX means the main office.
How long does a transfer to Korea Exchange take in South Korea?
An international SWIFT transfer typically takes 1–5 business days, because of correspondent banks and time zones. Money transfer services are often quicker than a bank.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.