Hanil Bank

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The Hanil Bank (Korean: 한일은행) was a financial institution first established in Korea under Japanese rule, initially as Chōsen Trust (조선신탁, 1932-1946) then renamed Joseon Trust Bank (조선신탁은행, 1946-1950) and Korea Trust Bank (한국신탁은행, 1950-1954) in South Korea. In 1954, it merged with Korea Trade and Industry Bank (한국상공은행, est. 1936 as Chōsen Central Mujin Company 조선무진) and renamed itself again as Korea Heungup Bank (한국흥업은행), then Hanil Bank in 1960. The latter name alludes to respective names in Korean of Korea and Japan, and has therefore sometimes been rendered in English as Korea–Japan Bank. It should not be confused with an earlier Korean bank of the same name, active between 1906 and 1931 and a predecessor entity of Chohung Bank.