South Korea

The Korean government and the central bank will have their work cut out for them in 2023. They must overcome a loss of trust and criticisms over raising rates too quickly if they want to keep the economy humming and avoid a new crisis.

South Korea must do more to address diversity in the workplace. A few of the country’s banks are leading by example.

Shinhan Bank arguably pioneered the finance culture that built the modern banking industry in South Korea. The firm has its roots in Hanseong Bank, which dates back to 1897. But even now, Shinhan is setting the pace for the country’s financial sector.

Like South Korea’s economy, KB Financial Group has a knack for coming through a crisis looking relatively unscathed.

Shinhan Bank arguably pioneered the finance culture that built the modern banking industry in South Korea. The firm has its roots in Hanseong Bank, which dates back to 1897. But even now, Shinhan is setting the pace for the country’s financial sector.

In August 2022, Woori Bank’s parent company, Woori Financial Group, put the law of big numbers to great use. Its plan to offer financial assistance worth W23 trillion ($17 billion) to socially vulnerable groups over three years garnered banner headlines.

In May 2022, when South Korea’s startup accelerator D.Camp opened its first office in the port city of Busan, Kam-Chan Ahn topped the list of VIP invitees. After all, as chief executive of regional powerhouse Busan Bank, Ahn’s leadership team has carved out quite a name for itself among innovators in Korea’s second-biggest city.

The unmatched global network that Citi brings to South Korea is offering local clients ready access to international markets. The bank also excels at providing multinational corporations operating in Korea with access to the local market, making it an obvious choice for best international bank in the country.