Chohung Bank

Chohung Bank Co., Ltd. (CHB; Korean: 주식회사 조흥은행; Hanja: 株式會社 朝興銀行; RR: Jusikhoesa Joheung Eunhaeng, sometimes transcribed as Joheung Bank) was a bank company headquartered in Seoul, South Korea. It was formed by the 1943 merger of Hanseong Bank (Korean: 한성은행; Hanja: 漢城銀), established in 1897 and sometimes referred to as Korea's first bank, and Dong-il Bank (Korean: 동일은행), originally established in 1906 as Hanil Bank (Korean: 한일은행, not to be confused with the namesake South Korean Bank active between 1960 and 1999) and renamed in 1931.

By the mid-1990s, Chohung Bank was one of the five most prominent banks in South Korea, together with Korea First Bank, Korea Commercial Bank, Hanil Bank, and Seoul Bank.^[1] It was negatively affected by the 1997 Asian financial crisis and eventually merged into Shinhan Financial Group in 2003-2006.