What is the official website of the payment service?
https://www.icbkorea.com
https://www.icbkorea.com
Customer support contacts are found in the ‘Contact Us’ section on the official website or at physical branch locations.
82-2-2060-8888
Toll-free support number is not specifically listed; most South Korea-based support lines may apply local call rates.
General inquiries may use [email protected]; dedicated technical support email is not separately listed.
Most banks provide separate emails for retail banking, corporate services, and complaints, usually accessible via their website.
Online chat support is not specified; customer assistance typically is through phone, email, or in-person at branches.
Industry standard is for chat support to operate during business hours, with some major banks offering extended or 24/7 chat availability if implemented.
Messenger support is not typical for South Korean banks; support is usually direct via phone, email, or web forms.
Typical support hours are Monday to Friday, 9:00am–6:00pm, except for public holidays and weekends.
Bank support is primarily available on weekdays; weekend and holiday support is limited and usually only for emergency or limited services.
Yes, ICBC Korea maintains several branches across South Korea for in-person visits regarding payment services and banking.
Main office is at 9F, ICBC Building, 21, Gukjegeumyung-ro 2-gil, Yeongdeungpo-gu, Seoul, plus additional branches in major cities.
Personal meetings can be scheduled by contacting a local branch or through the website appointment function if available.
As a subsidiary of Industrial and Commercial Bank of China, ICBC has global offices, but ICBC Korea operations and representatives focus on South Korea.
Korean, English, and Mandarin Chinese are typically supported for customer service at branches and official channels.
Response times for phone are often within minutes; email replies usually within one to two business days; in-person assistance is immediate during opening hours.
Most banks offer premium banking services for VIP clients, providing prioritized hotline, relationship managers, and quicker issue resolution.
Callback requests can generally be made via phone or web form and are fulfilled during working hours.
ICBC Korea was established in 1997.
The service is owned by Industrial and Commercial Bank of China; no individual founder is specified.
The company is registered in South Korea.
ICBC Korea has grown since 1997, focusing on retail and corporate payment services, expanding branches and digital banking capabilities in recent years.
Major updates have included technology and compliance improvements; no significant rebranding events have been reported recently.
The board typically includes senior ICBC executives; names are published in annual reports or on the website.
ICBC Korea is wholly owned by ICBC; partnerships may include correspondent banks and payment networks.
ICBC Korea is a subsidiary and does not trade independently; its parent, ICBC, is listed on Shanghai and Hong Kong Stock Exchanges.
Market capitalization is not directly available for ICBC Korea; the parent, ICBC, is one of the world’s largest banks by market value.
ICBC Korea operates branches across South Korea; globally, ICBC has numerous subsidiaries and affiliated entities.
Licensed by the Financial Services Commission (FSC) of Korea for banking and payment services.
ICBC Korea officially operates within South Korea, with its parent ICBC present globally.
Licensed banks in South Korea usually do not directly offer cryptocurrency services; separate licensing is required for such operations.
Strict compliance with AML/KYC as per Korean government regulations, including customer identity verification and transaction monitoring.
Most reputable banks meet standards such as ISO/IEC 27001 for information security, and PCI DSS for card payments if applicable.
Banks undergo regular security audits by regulators and third-party auditors to ensure compliance and system integrity.
Deposits are generally insured under Korea Deposit Insurance Corporation (KDIC) up to a specified amount per account holder.
Compliance with Basel III, ISO/IEC 27001, anti-money laundering regulations, and payment industry standards is typical.
No major public regulatory violations or fines are reported recently for ICBC Korea.
Reviews can be found on Naver, Google, and Korean financial forums, as well as social platforms such as Kakao and banking review portals.
Main complaints typically concern slow response times, fee transparency, or complexities in international transactions.
Users often appreciate strong international payment capability, reliable security, and professional in-person branch service.
Withdrawal issues are rare but may occur during system upgrades, weekends, or holidays due to processing schedules.
Bank interfaces are considered reliable and user-friendly, though international customers sometimes wish for expanded multilingual digital options.
Transaction speeds are generally consistent with industry standards; real-time transfers are available for most domestic transactions.
Many users recommend for international payments and safety; domestic clients may prefer local bank apps for user-friendly features.
Experts acknowledge the robust infrastructure, regulatory compliance, and financial backing of ICBC and its subsidiaries.
ICBC as a group has received global awards for banking excellence, though ICBC Korea-specific awards are less frequently highlighted.
ICBC as a global entity appears in various banking and payment system rankings.
Regulators recommend licensed banks for secure transactions; direct endorsements are rare but compliance is required.
Innovation is perceived as moderate; ICBC focuses on steady technology adoption rather than rapid fintech disruption.
Major banks hold certificates for service and security standards; ICBC Korea adheres to financial service quality certifications.
Representatives regularly attend financial industry events, conference panels, and banking technology summits.
ICBC Korea positions as a robust, internationally connected bank serving both domestic and international payment needs.
Korean Won (KRW), US Dollar (USD), Chinese Yuan (CNY), Japanese Yen (JPY), Euro (EUR), and other major currencies.
Cryptocurrency support is not directly integrated; South Korean regulations restrict banks from handling cryptocurrencies directly without special licensing.
No proprietary cryptocurrency or token is issued by ICBC Korea.
Currency conversion services are available at branches and through certain banking channels, following standard exchange procedures.
Exchange rates are based on ICBC’s own rates, which are updated regularly to reflect market changes.
Exchange rates are updated daily or in real time, depending on the transaction channel and market activity.
Stablecoin support is not provided directly; services for digital currencies are limited due to regulatory restrictions.
Major banks can process less common or exotic currency transactions upon request, subject to availability and compliance rules.
Currency restrictions may apply based on South Korean regulations and foreign exchange controls.
Domestic and international wire transfers, interbank transfers, internal account transfers, remittances, and bill payments.
Transfers between ICBC Korea account holders are supported via bank branches and digital channels.
Transfers to domestic bank cards may be offered; international card transfers depend on regulatory and network support.
Money can be transferred to other bank accounts domestically and internationally following regulatory guidelines.
Bill payment functionality is typically available for utilities and select service providers through online banking and at branches.
Recurring payment options are available for regular bills, loans, or pre-scheduled remittances.
Automatic transfers can be configured for future dates via online or branch banking services.
Payment scheduling features are available to set up transactions ahead of time.
Group or bulk payment features may be available for corporate customers through special arrangements.
Payment link creation for peer-to-peer or commercial use is more common in fintech firms; banks may offer similar functionality for select customers.
Minimum transaction amounts depend on the type of operation but usually start from ₩1,000 for bank transfers.
Maximum transfer limits vary by verification, account type, and regulatory requirements; may start from ₩50 million for retail clients.
Daily transaction limits are set based on account type and user verification level.
Monthly and annual transaction limits reflect regulatory requirements and risk policies set by the bank.
Limits can be increased after enhanced verification, usually by providing additional documents and making a formal request at a branch.
Verified users are granted higher transaction and withdrawal limits compared to unverified or new clients.
New accounts are subject to lower transaction limits, additional monitoring, and possible temporary restrictions until verification is complete.
Limits may vary based on country of residence, transaction destination, and applicable regulations.
Temporary blocking of accounts or operations occurs due to suspected fraud, regulatory compliance, or at customer request.
Daily count limits for operations are set to prevent abuse and align with AML policies.
Minimum deposits often start at ₩1,000 for most standard account funding operations.
Supported methods are bank transfer, cash deposit, check deposit, online transfer, and, in some cases, card deposit.
Funding by bank transfer or cash deposit is generally free; fees may apply for certain international or card-based funding methods.
Minimum funding amounts depend on method; usually at least ₩1,000 for basic deposit options.
Funds are credited instantly or within minutes for cash and domestic bank transfers; international methods and card deposits may take longer.
Withdrawals can be made via ATM, cash withdrawal at branches, domestic/international bank transfers, or check issuance.
Withdrawal fees vary by method; ATMs are often free locally, while international withdrawals incur higher fees.
Local ATM and cash withdrawals are immediate; bank transfers may take from same day to several business days.
Withdrawal limits are set based on account type, verification status, and regulatory risk management.
Card-based funding is credited within minutes, unless a technical issue or third-party verification delay occurs.
Domestic bank transfers are generally instant or same day; international transfers may take 1–3 business days.
Cryptocurrency transfers are not directly supported by ICBC Korea payment services.
Internal transfers between ICBC Korea users are typically instant or processed within minutes.
Fund deposits on weekends may be delayed if not supported by real-time processing system; major banks try to minimize delays.
Funding on holidays can be delayed due to bank closures or limited operational hours.
Express funding options may be available for urgent transfers, though fees apply.
Speed is determined by channel, time of day, method, verification, and regulatory checks.
Banks provide notifications of deposit status via SMS, email, or banking app alerts as standard practice.
If funding is delayed, contact customer support with transaction details and await resolution; escalation may be needed for international issues.
Withdrawal requests at ATMs or branches are immediate; wire transfers are processed within operational hours.
Card withdrawals at ATMs are instantly processed during system uptime; off-hours may cause minor delays.
Domestic transfers arrive instantly or same day; international transfers take up to 3 business days.
ICBC Korea does not support direct cryptocurrency withdrawals.
Weekend withdrawals may be delayed due to operational limitations; ATMs function normally.
Withdrawal processing may be delayed on holidays due to bank and clearinghouse closures.
Express withdrawal options may be offered for international transfers at extra cost.
Processing time depends on channel, type, regulatory checks, verification, and operational schedules.
Withdrawal status is typically notified via SMS, email, or banking app alerts.
Withdrawals initiated through digital channels may be canceled before processing; in-branch requests require staff assistance.
Registration occurs at the branch or via online banking, requiring identification and completion of application forms.
Account creation requires full name, government-issued ID, address, phone number, and financial data.
Email may not be mandatory for in-branch registration, but is recommended for accessing digital banking and notifications.
Phone confirmation is generally required to verify identity and enable digital banking security.
Minimum age for individual accounts is typically 18 years, with special products available for minors under guardian control.
Corporate accounts can be opened with proper business registration, documents, and authorized representatives provided.
Real data is strictly required by AML/KYC regulations to open and operate an account.
Account creation is restricted to South Korean residents or those with valid Korean visas.
Account activation usually takes a few hours to one business day after documentation is verified.
Standard levels include basic verification, enhanced/advanced verification, and corporate verification for business accounts.
Basic verification typically requires ID card, passport, or resident registration certificate.
Full verification requires additional documents such as proof of address, income statements, or business paperwork.
Banks generally accept digital document uploads for online applications, subject to completeness and clarity.
Verification is usually completed within one business day; complex cases may take longer.
Use without verification is very limited, generally restricted to viewing information; no transactions allowed.
Unverified users cannot make transfers, payments, or withdrawals and have minimal account capabilities.
Address confirmation is required for full verification, usually by signed document or official bill.
Photo or video verification is sometimes required for online applications, aligning with anti-fraud regulations.
Document updates are required on expiry or major changes in personal circumstances.
Industry standard encryption includes SSL/TLS for data transmission and AES for stored information.
2FA is widely supported via SMS, app, or token for online banking security.
SMS confirmations are standard for high-value transactions and account access.
Biometric solutions such as fingerprint and facial recognition are supported in mobile and branch banking.
ICBC Korea does not utilize blockchain directly in retail payment processing at this time.
Security architecture includes multi-factor authentication, encryption, behavioral monitoring, and fraud prevention layers.
User data is protected with strong encryption, secure servers, and strict access controls in compliance with data privacy laws.
ICBC Korea does not store cryptocurrencies and does not use cold storage.
Banks deploy advanced DDoS protection and monitoring to safeguard online platforms.
Security audits are regularly performed by both regulators and independent third-party firms.
Anti-phishing measures include email and SMS alerts, login verification, and customer education.
Banks use automated fraud detection and transaction monitoring systems for suspicious activity.
AML processes include customer ID checks, transaction monitoring, reporting suspicious transactions, and staff training.
Accounts with suspicious activity are subject to temporary or permanent blocking pending investigation.
Notify the bank immediately, file an official fraud claim, and cooperate with investigation.
Report via call centre, email, or in-branch; official forms may be needed.
Compensation depends on investigation outcome, insurance coverage, and regulatory compliance.
Users may dispute unauthorized transactions through an official claim process, with investigations and possible refunds.
File a dispute with the bank through customer service and provide required supporting documents.
Some banks have cyber insurance to protect client assets from cyber-related breaches and attacks.
Transfer fees vary by method, currency, and amount; international and currency exchange operations incur higher costs.
Local funding by cash or transfer is usually free; card or international funding may carry associated fees.
Withdrawal fees depend on method and location; some ATMs and international transfers require additional costs.
Currency conversion involves set exchange fees or commissions disclosed prior to transaction.
Account inactivity fees may apply after prolonged periods with no transactions, according to bank policy.
Monthly account maintenance fees may apply for certain account types or under minimum balance thresholds.
Operation cancellation fees are rare but may apply for some international or large-value transactions.
Expedited transfers or urgent withdrawals often carry additional costs.
Banks must disclose all fees; hidden fees are prohibited by law but can be clarified on fee schedules and user agreements.
Large transaction fees are calculated based on tiers, percentage rates, and processing channels per bank policy.
Multiple account and transaction tariff plans are available for individuals, corporates, and premium customers.
VIP clients get priority service, higher limits, personalized management, and lower fees on some transactions.
Preferential terms are available with high balances, frequent usage, or upon negotiation with relationship managers.
Selected basic operations may be free up to a monthly limit; details provided in user agreements.
Discounts and promotional rates for active users may be offered based on transaction frequency or promotional periods.
Corporate customers benefit from specialized tariffs, bulk transaction rates, and dedicated relationship management.
Individualized terms are subject to negotiation and evaluation of user’s financial profile.
Promotional codes or campaigns may allow temporary fee reductions; terms found on the website or via app.
Cashback is offered on selected card or account types with active usage.
Volume discounts may apply for corporates or heavy users; details are listed in business account documents.
Yes, an official ICBC Korea banking app is available.
The mobile app supports iOS (Apple App Store) and Android (Google Play Store) platforms.
Functions include account management, transfers, bill payment, currency exchange, notifications, and digital banking operations.
Mobile app may have streamlined navigation, push notifications, and some features may differ from full web interface.
Biometric authentication, including Touch ID and Face ID, is typically supported for app login on compatible devices.
Offline functionality is limited; most banking operations require internet access for security and real-time updates.
Push notifications are available for transactions, alerts, and security messaging in the mobile app.
App supports dark mode for user convenience if implemented.
Updates are issued regularly for security, functionality, and compliance, typically several times per year.
Beta programs for new app features may be available for selected users; sign-up is usually via the website or app.
The web interface is user-friendly, secure, and designed for accessibility.
Modern bank websites use responsive design for compatibility across devices.
Web and app interfaces generally support Korean, English, and Mandarin Chinese.
Night mode or dark theme for the website may be available depending on platform updates.
Keyboard shortcuts may be supported for accessibility, especially in web banking platforms.
Transaction and account data can be exported in common financial formats, often CSV or PDF.
APIs are available for corporate partners and fintech integrations, subject to approval and contractual agreement.
Integration with accounting, payment gateways, and corporate ERP is available for business clients.
The web interface is updated regularly for security, new features, and compliance, usually quarterly or biannually.
Virtual card issuance may be available for internet banking and ecommerce, especially for corporate clients.
Disposable or temporary virtual cards may be offered for online purchases or secure transactions.
Multi-currency accounts are supported for corporate and selected personal banking customers.
Investment products including deposits, funds, and structured products are typically available.
Interest is earned on eligible savings, fixed deposits, and select account types.
ICBC Korea offers credit products such as loans, overdraft facilities, and corporate financing.
Peer-to-peer trading is not supported; standard banking is focused on regulated payment and financial services.
Cryptocurrencies are not directly bought or sold via ICBC Korea’s payment service.
Merchant acquiring and POS solutions are available for business customers.
Bulk payment processing for payroll or vendor disbursements is offered to corporate clients.
Loyalty programs may exist for cardholders or frequent users, with bonus point accrual.
Points are earned through card transactions, account activity, and promotional campaigns.
Cashback rewards are available for certain card or account operations under promotional terms.
Referral programs for new client introductions may be available for eligible users.
VIPs receive dedicated support, higher transfer limits, customized rates, and access to exclusive products.
Seasonal promotional campaigns are regularly conducted for select services and products.
Premium status is offered to qualifying users based on account activity, balances, or through relationship management.
Partner merchant discounts are available through selective campaigns and arrangements.
Corporate loyalty schemes may be implemented for business clients to incentivize service use.
Operations with online casinos are generally restricted or closely monitored under South Korean regulations.
Gambling-related transactions may be restricted, declined, or subject to enhanced checks in line with local laws.
Accounts showing suspicious or excessive gambling activity may be blocked based on regulatory compliance.
Compliance with legal regulations on gambling; transactions are monitored for risk and legality.
Special compliance checks, reporting, or limitations apply for gambling-related payments.
Casino-related payments are tracked and monitored for AML and legal compliance.
Transactions are logged and reported; hiding gambling site payments is not supported or legal.
Clients receive transaction notifications; specific gambling alerts may be set on request.
Additional scrutiny and fees may apply for gambling payments depending on bank policy and regulation.
Spending limits for gambling transactions can be configured through request or account management.
Self-exclusion from gambling-related transactions may be requested at branches.
Some banks can block payments to gambling sites per regulatory requirements.
Expense control tools for gambling may be available for consumer protection.
Alerts for exceeding gambling spending or transaction limits are available.
Operations with casinos can be blocked if requested by user or required by law.
Expense analytics reports for gambling and categorized spending are available in some online banking tools.
Cooling-off features to restrict gambling spending after certain use may be enabled upon request.
Assistance and resources for problem gambling are available, often through referrals to specialist organizations.
Partnerships with responsible gambling support organizations may be maintained.
Notifications can be managed through online account settings or by contacting branch staff.
Acceptance by online casinos is limited and restricted by South Korean law.
Exclusive bank-casino partnerships are rare and subject to strict legal limits in South Korea.
Use conditions for payment services at casinos vary by operator, legal requirements, and payment channel.
Bonuses are not common due to regulatory restrictions around gambling transactions.
Deposits and withdrawals at online casinos are restricted; payment services are subject to compliance checks.
Geographic restrictions on casino payments apply in South Korea and internationally as per each country’s laws.
Casino operators process transactions via authorized banking channels, subject to enhanced KYC and AML checks.
Processing times for legal casino transactions are similar to standard payments but may face delay due to compliance reviews.
Casinos may charge additional fees for payment processing, depending on operator and method.
Compatibility issues may arise due to strict regulatory controls and limitations on gambling payments.