Seoul Bank

Seoul Bank (Korean: 서울은행), known from 1976 to 1995 as Seoul Trust Bank (서울신탁은행), was a major bank in South Korea, originally established as a regional bank in 1959. By the mid-1990s, it was one of the five most prominent Korean banks, together with Chohung Bank, Korea Commercial Bank, Korea First Bank, and Hanil Bank.[1] It was determined to be insolvent during the 1997 Asian financial crisis, however, and was taken over by the Korean authorities, then merged into Hana Bank.

  1. ^ Suh Kyoung-ho (21 February 2023). "Profit vs. public obligations". Korea JoongAng Daily.