- Business
- Jeju Bank (006220.KS), a subsidiary of Shinhan Financial Group Co., Ltd., operates as a regional commercial bank in South Korea, providing deposit products including free account deposits, apartment deposits, excess cash deposits, large-sum arrangement products, tax reduction deposits, internet deposits, and theme products; savings accounts; credit, secured, car, enterprise, private, and petty loans for working classes; credit and check cards; foreign currency exchange, deposits, and remittance services; funds; trust services; retirement pension products; gold and silver bars; insurance; domestic exchange; electronic billing; agency services; and internet and mobile banking platforms such as JBANK Plus. Founded in 1969 and headquartered in Jeju-si, Jeju Special Self-Governing Province, the bank primarily serves customers in the Jeju region while expanding nationally, targeting small and medium-sized enterprises (SMEs) and local businesses through localized management combined with Shinhan Financial Group's advanced systems. In April 2025, Jeju Bank issued 5.7 million new shares valued at 57 billion won to Douzone Bizon Co., Ltd., diluting Shinhan Financial Group's stake from 75.31% to 64.01% and elevating Douzone Bizon to second-largest shareholder with 14.99%, enabling strategic collaboration to launch Korea's first ERP-based banking services for customized SME financing, real-time fund flow analysis, and digital transformation beyond Jeju Island.