SWIFT Code KODBKRSE — KOREA DEVELOPMENT BANK, THE, SEOUL

About SWIFT Code KODBKRSE — KOREA DEVELOPMENT BANK, THE, SEOUL

SWIFT code KODBKRSE is the official 8-character head-office BIC (Bank Identifier Code) for KOREA DEVELOPMENT BANK, THE in SEOUL, South Korea. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by KOREA DEVELOPMENT BANK, THE for all outward international remittances from SEOUL. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code KODBKRSE

The code KODBKRSE follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code KODBKRSE

Receiving International Wire Transfers

To receive money from abroad at your KOREA DEVELOPMENT BANK, THE account in SEOUL, share SWIFT code KODBKRSE with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at KOREA DEVELOPMENT BANK, THE, SEOUL must provide SWIFT code KODBKRSE. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using KOREA DEVELOPMENT BANK, THE in SEOUL rely on SWIFT code KODBKRSE for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for KOREA DEVELOPMENT BANK, THE →

For cheque clearing or NACH mandates, use the MICR code for KOREA DEVELOPMENT BANK, THE →

For TDS challan deposits, find the BSR code for KOREA DEVELOPMENT BANK, THE →

How SWIFT Code KODBKRSE Routes an International Transfer

1. Initiation: The sender provides SWIFT code KODBKRSE and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to KOREA DEVELOPMENT BANK, THE.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: KOREA DEVELOPMENT BANK, THE receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code KODBKRSE

• Spaces or lowercase letters — Always enter KODBKRSE uppercase with no spaces.
• Using the wrong city — This code is for SEOUL only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within South Korea.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm KODBKRSE directly with KOREA DEVELOPMENT BANK, THE's SEOUL branch or via the SWIFT BIC Directory.