Chohung Bank

In North Korea, they were soon merged into the central bank within the country's monobank system.

[7]: 43  Its headquarters at 14 Namdaemunro in Seoul was destroyed by fire, and eventually replaced with a new building in December 1966.

[8] It was again privatized in 1983,[9]: 161  as part of the limited financial liberalization effort undertaken by then-president Chun Doo-hwan.

[11]: 174  In December 1998, it announced its merger with two other financial institutions, Kangwon Bank [ko] (est.

1970) and Hyundai Merchant Bank, with simultaneous public recapitalization which resulted in the Korean government owning 90 percent of the merged entity's equity capital.

Former branch building of Hanil Bank in Ganggyeong [ ko ] , erected in 1913 and used by Chohung Bank until 1954 [ 2 ]
in 1945 Chohung Bank took over Korean assets of Yasuda Bank , including this branch originally built in Incheon in 1892 for Japan's 58th National Bank