Tag: jeonbuk bank

jeonbuk bank

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A foreign customer talks with bank tellers using a translation device. [HANA BANK]

Korea's banks roll out more financial services for foreigners as population grows

As more foreign residents settle in Korea, their growing economic presence is reshaping how banks do business, prompting them to roll out more banking services targeting expatriates.

2025.10.6

Filipino workers participating in a pilot program for foreign housekeepers in Korea enter the country through Incheon International Airport on Aug. 6, 2024. [NEWS1]

Income, long-term residency — still no loan: Korea's credit wall for foreigners

Foreigners, even those on salaries and residency visas, have fought a losing battle to get bank loans for years, and when they do, the interest rate is exorbitant, but some banks are slowly working to change that as the foreign population grows.

2025.7.1

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Executives from Jeonbuk Bank, Credit Bureau Cambodia and Korea Credit Bureau pose for a photo after signing a memorandum of understanding (MOU) to establish cross-border credit report sharing between Korea and Cambodia. The MOU signing took place during the Cambodia-Korea Business Forum in Seoul on Thursday.[JB FINANCIAL GROUP]

Cross-border credit reports to become available between Cambodia and Korea

Jeonbuk Bank partnered with Credit Bureau Cambodia and Korea Credit Bureau to establish cross-border credit report sharing for the benefit of Korean nationals living in Cambodia and Cambodians living in Korea.

2024.5.17

New ID verification system to allow foreigners to open bank accounts online

Jeonbuk Bank, Hana Bank and Toss Bank will use the Justice Ministry's residence card verification system starting Monday to verify foreigners' identity for online banking tasks.

2023.9.15