The Export-Import Bank of Korea SWIFT/BIC code

The Export-Import Bank of Korea SWIFT code: EXIKKRSE

The 8-character code EXIKKRSE and the full code EXIKKRSEXXX refer to one and the same institution: The Export-Import Bank of Korea, with its head office in Seoul. The code has a single purpose: it makes sure that a cross-border transfer reaches the right bank. In daily life you usually see it on invoices from abroad, in your banking app and in the bank details that The Export-Import Bank of Korea provides.

This page is meant to help people who sends money to an account at The Export-Import Bank of Korea without mistakes. Keep in mind that the SWIFT code only identifies the bank, not the person: the IBAN or account number does that part.

About this information

This directory draws on publicly available sources and we update it periodically. It is possible that information here is no longer current, for example after a merger. The figures on this page are based on our own data.

For a payment that matters, confirm the code with The Export-Import Bank of Korea or with the recipient. GoldexPay is not affiliated with The Export-Import Bank of Korea; we are a comparison site for money transfers. If you notice something that is out of date, we appreciate a short note via the contact page.

What the XXX in EXIKKRSEXXX means

A BIC is made up of a few fixed parts: characters one to four stand for the bank, the next two give the country and characters seven and eight indicate the location. That gives you EXIKKRSE.

Many banks and apps work with both lengths. If yours asks for eleven characters, enter EXIKKRSEXXX; if it wants eight, use EXIKKRSE.

In practice the code is written in capitals, without spaces or dashes. A wrong letter can send the money to another bank, so copy it carefully.

Choosing between the 3 SWIFT codes of The Export-Import Bank of Korea

Our database contains 3 SWIFT/BIC codes for The Export-Import Bank of Korea, spread over 1 cities. Besides the head office code EXIKKRSEXXX, you will find codes for branches, departments or specific services.

For the vast majority of incoming transfers, the head office code EXIKKRSEXXX works fine. Just use a branch code when the recipient explicitly asks for it, for example on a letter or invoice.

Not sure which code to use? Check with the recipient or the bank itself. Branch codes are more prone to change than the head office code.

Changed bank details? Be careful

Scammers regularly use payment requests containing changed bank details. A real SWIFT code says nothing about who owns the account.

Before paying, verify a change of bank details by phone, using a number you already had. Pressure or secrecy are red flags – a real supplier can wait a day. When a payment has already gone to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Fraud also target the receiver: someone sends too much and asks you to return the extra via a different route. Do not act before the money is actually in your account and check with The Export-Import Bank of Korea if anything seems off.

What to give a sender who pays you at The Export-Import Bank of Korea

For a transfer from abroad at The Export-Import Bank of Korea, the person paying you needs more than the SWIFT code. Share your name as the bank knows it, the IBAN or account number, SWIFT code EXIKKRSEXXX and your address, which some banks require.

You can include the bank name and its city too, since some forms ask for it. A mistake in your account number can be harder to fix than it looks; copy them from your banking app rather than typing.

Do not be surprised if the amount credited is smaller than what the sender paid. Charges on incoming payments vary per bank. Agree with the sender who pays which costs, especially for larger amounts.

Transfer times and tracking a payment to The Export-Import Bank of Korea

An international transfer typically takes one to a few business days – it depends on currency, route and the banks in between. Weekends and public holidays in the sending or receiving country add extra days, since banks do not process on those days. Compliance checks by one of the banks can also add some delay, regardless of the details.

A growing number of banks use SWIFT gpi, which lets them follow a payment from bank to bank. Each gpi transfer gets a unique transaction reference, the UETR, which your bank can use to see where the money is. Keep the payment confirmation until the recipient confirms.

A delayed transfer is traced from the sending side on the basis of the transfer details. Request from the sender the payment receipt with the date and reference – it helps your own bank look for the money.

Is EXIKKRSE still correct? How to check

Ask the recipient to copy the account details directly from their online banking. Compare that code with EXIKKRSE on this page.

Mistakes in the SWIFT code are costly more than fatal: often the payment comes back, minus fees. A mistake in the IBAN or account number can be a bigger problem, because the money may be credited to someone else.

Many banking apps check the format of IBANs and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. Where available, a name check on the recipient adds an extra layer of safety. Sending a small amount first can be worth it for large sums, even if it costs an extra fee.

What a transfer from The Export-Import Bank of Korea abroad really costs

What you pay for a payment abroad is made up of several parts, and the transfer fee is only the most visible one. Besides the transfer fee, correspondent or intermediary banks can deduct a fee, and if the money changes currency the bank often applies a rate that is less favourable than the real market rate.

Many banks rarely show their exchange rate markup as a cost – you only notice it if you compare. An easy check: set the bank’s rate against the mid-market rate and look at the difference.

For a lot of routes, a specialist provider is cheaper than a traditional bank transfer – mostly thanks to the rate. Before your next transfer, take a minute to compare what arrives on GoldexPay instead of going straight to your bank. Choosing a specialist does not mean closing your account at The Export-Import Bank of Korea.