Dongwon Securities SWIFT/BIC code

What DOSUKRS1 means for a payment to Dongwon Securities

DOSUKRS1 and DOSUKRS1XXX are the short and the long form of the same SWIFT/BIC code, and both point to Dongwon Securities in Seoul. A SWIFT code tells every bank in the chain which institution is meant to get the money, much like a postcode for banks. You will need it mainly for payments that cross a border.

On this page we explain how the code means, when you need it and what else you need for a transfer to or from Dongwon Securities. The BIC names a bank or branch, not a specific account; the IBAN or account number does that.

Changed bank details? Be careful

Be wary when someone unexpectedly wants you to pay into another account. The fact that DOSUKRS1 exists is no guarantee that a request mentioning it is legitimate.

Check changed bank details via a different channel, such as a phone number you already know, never via the email that asked for the change. Be suspicious of time pressure, unusual wording or a sender address that is slightly off. Acted too fast? Contact your bank without delay and ask them to try to recall the payment and report the fraud.

Scams can also target the receiver: someone sends too much and wants you to refund the extra to a new account. Do not act before the money has really arrived and check with Dongwon Securities if anything seems off.

What the XXX in DOSUKRS1XXX means

The layout of every SWIFT code is always the same: four characters for the institution, two for the country and two for the location, sometimes followed by a branch code. Together, these eight characters make up DOSUKRS1.

The 11-character version adds three more characters that identify a branch or department. When those three characters are XXX, they simply mean the head office, which is why DOSUKRS1XXX and DOSUKRS1 lead to the same place.

Do not add spaces or dashes when you type DOSUKRS1. Watch for O versus 0 or the letter I and the digit 1, a common source of typos.

About this information

The codes here are taken from publicly available data which we refresh regularly. Banks merge, change names and retire codes – a directory can be a step behind. The number of codes we show reflect our own data and not on information from Dongwon Securities itself.

Use this page as a starting point, not as the final word: the recipient’s bank details come first. We are a comparison site for money transfers and not part of Dongwon Securities. Spotted an error? Let us know through the contact page so we can correct it.

Sending money abroad from Dongwon Securities

If you transfer money abroad through Dongwon Securities, the visible fee is rarely all of the cost. Besides the transfer fee, correspondent or intermediary banks may deduct a fee, and if currencies are converted the bank often uses a rate below the actual market rate.

Many banks rarely show the margin on the rate separately – you only notice it if you compare. Compare the rate you are offered with the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

Money transfer services often offer rates closer to the mid-market rate. On GoldexPay you can compare the amount that arrives with different providers, which makes the cheapest option easy to spot. You can always use your account at Dongwon Securities to fund the transfer, while a cheaper service handles the conversion.

Incoming international payments to Dongwon Securities

Someone abroad who wants to pay you needs a few details about your account, and missing ones are a common cause of delays. Share the account holder’s name, your account number or IBAN, SWIFT code DOSUKRS1XXX and your address.

It helps to add Dongwon Securities and Seoul too, since some forms ask for it. A typo in your account number is harder to fix than you might think.

What lands in your account is often less than the amount sent. Intermediary banks may deduct a fee, Dongwon Securities may charge for incoming payments, and if the money is converted, an exchange rate margin applies. On invoices, you can agree how the fees are split, so that nobody is left short.

How long does an international transfer to Dongwon Securities take?

There is no single delivery time for international payments: many land the same day or the next, others take several business days. Weekends and public holidays in the sending or receiving country can add extra days to the journey. Compliance checks on larger or unusual payments may also add some delay, even when all details are correct.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Each payment gets a unique reference, the UETR. Save your transfer receipt until the recipient confirms; it contains the details a bank needs to start a trace.

The bank that sent the money is able to request a trace or a recall. Ask the sender for the payment receipt with the date and reference – it helps your own bank look for the money.

How to check DOSUKRS1 before you pay

The most reliable place for the correct BIC remains a document from the bank itself. Check it with DOSUKRS1 on this page and ask if anything does not match.

With a wrong code, the transfer may get stuck, be returned or end up costing more, and tracing it can take weeks. Remember the account number: an error there is harder to undo than a wrong BIC.

Most online banking apps check the structure of IBANs and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. If your bank offers it, a payee name check before sending adds extra certainty. Sending a small amount first can be a sensible step for a large first payment, even if it costs an extra fee.

Dongwon Securities: head office code versus branch codes

Dongwon Securities uses 2 separate SWIFT/BIC codes across 1 cities. Only one is the head office code, DOSUKRS1XXX; the rest belong to branches.

In most cases you do not need to pick a branch: transfers sent to DOSUKRS1XXX reach Dongwon Securities correctly. A branch code only makes sense when the account holder specifically mentions it, which is more common for business accounts and specialised services.

When in doubt, ask the person you are paying which code their bank gave them. Branch codes are more prone to change than the head office code.