Tuesday, 25 June 2024

Kookmin Bank — Best Custodian Bank in South Korea

5 min read

By The Asian Banker

Kookmin Bank remains South Korea’s largest custodian, with 10% growth in assets under custody in 2023. It dominated market shares in overseas investment trusts at 21%, variable insurance deposits at 62%, and domestic and foreign investment trusts at 65%. Through new systems and robotic process automation, the bank enhanced information efficiency, achieving 99% automation of settlement instructions.

For achieving strong growth and continuous improvement of its internal custody operating system, the award for Best Custodian Bank in South Korea goes to Kookmin Bank.

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