CHB Bank

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Chohung Bank Co., Ltd. (CHB; Korean: 조흥은행; Hanja: 朝興銀行, sometimes transcribed as Joheung Bank) was a bank company headquartered in Seoul, South Korea. It was formed by the 1943 merger of Hanseong Bank (Korean: 한성은행; Hanja: 漢城銀), established in 1897 and sometimes referred to as Korea's first bank, and Dong-il Bank (Korean: 동일은행), originally established in 1906 as Hanil Bank (Korean: 한일은행, not to be confused with the namesake South Korean Bank active between 1960 and 1999) and renamed in 1931. By the mid-1990s, Chohung Bank was one of the five most prominent banks in South Korea, together with Korea First Bank, Korea Commercial Bank, Hanil Bank, and Seoul Bank. It was negatively affected by the 1997 Asian financial crisis and eventually merged into Shinhan Financial Group in 2003–2006.