HYUNDAI ENGINEERING CO.,LTD.
SWIFT Code

HYEC KRSE

Complete details for secure international wire transfers

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Bank Location

Bank Name

HYUNDAI ENGINEERING CO.,LTD.

Branch

Main Branch

City

SEOUL

Country

South Korea

Full Address

HYUNDAI BUILDING, FLOOR 7, 75, YULGOK-RO, JONGNO-GU

Understanding SWIFT Code Structure

HYECBank Code
First 4 characters identify the bank
KRCountry Code
ISO country code
SELocation Code
City/region identifier

How to Use This SWIFT Code

International Wire Transfers: Use this code when sending money internationally to ensure funds reach the correct bank and branch.

Business Payments: Essential for international trade payments, supplier settlements, and export-import transactions.

Correspondent Banking: Required for banks to identify each other in the global financial network.

Letter of Credit: Necessary for trade finance instruments and documentary collections.

What You Need for Wire Transfers

  • • Recipient's full name and address
  • • Complete bank address
  • • SWIFT/BIC code
  • • Account number or IBAN
  • • Purpose of transfer
  • • Your identification documents
  • • Transfer amount and currency
  • • Additional reference information

Common Wire Transfer Mistakes

  • • Using outdated or incorrect SWIFT codes
  • • Mixing up similar bank or branch codes
  • • Incomplete recipient information causing delays
  • • Not checking correspondent banking relationships
  • • Ignoring compliance requirements for large transfers
  • • Incorrect currency codes or amount specifications

Expected Processing Times

Standard Wire Transfer

  • • Same country: 1-2 business days
  • • International: 3-5 business days
  • • Complex routing: 5-7 business days

Factors Affecting Speed

  • • Time zones and banking hours
  • • Compliance checks and regulations
  • • Correspondent bank relationships
Pro tip: Always verify SWIFT codes with the recipient bank before initiating transfers. Even small errors can cause delays or failures.
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Related Resources

• SWIFT Network: Official directory of all SWIFT codes worldwide

• Reserve Bank Guidelines: Regulations for international money transfers

• Foreign Exchange Rules: Compliance requirements for cross-border payments

• Anti-Money Laundering: KYC and documentation requirements