SWIFT Code SEMTKR22 — SAMSUNG ELECTRO-MECHANICS CO., LTD, SUWON-SI

About SWIFT Code SEMTKR22 — SAMSUNG ELECTRO-MECHANICS CO., LTD, SUWON-SI

SWIFT code SEMTKR22 is the official 8-character head-office BIC (Bank Identifier Code) for SAMSUNG ELECTRO-MECHANICS CO., LTD in SUWON-SI, 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 SAMSUNG ELECTRO-MECHANICS CO., LTD for all outward international remittances from SUWON-SI. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code SEMTKR22

The code SEMTKR22 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code SEMTKR22

Receiving International Wire Transfers

To receive money from abroad at your SAMSUNG ELECTRO-MECHANICS CO., LTD account in SUWON-SI, share SWIFT code SEMTKR22 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 SAMSUNG ELECTRO-MECHANICS CO., LTD, SUWON-SI must provide SWIFT code SEMTKR22. 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 SAMSUNG ELECTRO-MECHANICS CO., LTD in SUWON-SI rely on SWIFT code SEMTKR22 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 SAMSUNG ELECTRO-MECHANICS CO., LTD →

For cheque clearing or NACH mandates, use the MICR code for SAMSUNG ELECTRO-MECHANICS CO., LTD →

For TDS challan deposits, find the BSR code for SAMSUNG ELECTRO-MECHANICS CO., LTD →

How SWIFT Code SEMTKR22 Routes an International Transfer

1. Initiation: The sender provides SWIFT code SEMTKR22 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 SAMSUNG ELECTRO-MECHANICS CO., LTD.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: SAMSUNG ELECTRO-MECHANICS CO., LTD receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code SEMTKR22

• Spaces or lowercase letters — Always enter SEMTKR22 uppercase with no spaces.
• Using the wrong city — This code is for SUWON-SI 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 SEMTKR22 directly with SAMSUNG ELECTRO-MECHANICS CO., LTD's SUWON-SI branch or via the SWIFT BIC Directory.