| Unit | History of the Korean Financial Industry  X |
|---|---|
| 1878 |
[1878.06] The modern banking system was introduced as Japan's First Bank opened Korea's first bank branch in Busan
|
| 1891 |
[1891.01] Imperial Life Insurance, a Japanese insurance company, opened a branch in Busan.
|
| 1897 |
[1897.02] Hanseong Bank (later became Choheung Bank) was established using domestic private capital.
|