SAMSUNG SDS CO., LTD.

Samsung SDS Co., Ltd. (formerly Samsung Data Systems; Korean: 삼성에스디에스 주식회사), Established in 1985 as a subsidiary of Samsung Group, is a provider of Information Technology (IT) services, including consulting, technical, and outsourcing services.[2] SDS is also active in research and development of emerging IT technologies such as Artificial Intelligence (AI), Blockchain, Internet of Things (IoT) and outsourcing in engineering . In 2019, Samsung SDS reported a net profit of 750.4 billion won (US$635 million), an increase of 17.5% year-on-year.[3] The company is estimated to have the 11th most valuable brand among global IT service companies, at US$3.7 billion as of January 2020.[4][5] Samsung SDS has headquarters in South Korea and eight other overseas subsidiaries, one in America, Asia-Pacific, China, Europe, Latin America, Middle East, India, and Vietnam.[6]

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SAMSUNG SDS CO., LTD. SWIFT Code

ID
Country
City
Bank or Institution
SWIFT Code
1
Korea
SEOUL
/
SSDSKRSE
2
Korea
SEOUL
/
SSDSKRSEXXX
  • Total: 2
  • 1

About SAMSUNG SDS CO., LTD.

  • Company type
    Public
  • Founded
    May 1, 1985 ; 39 years ago ( 1985-05-01 )
  • Headquarters
    35 Olympic-Ro, 125, Songpa-gu,, Seoul , South Korea
  • Key people
    Sungwoo Hwang ( CEO )
  • Revenue
    KRW 11.01 trillion (2020)
  • Number of employees
    12,501 (2019)
  • Website
    www .samsungsds .com

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What is a SWIFT code?

A SWIFT code is an 8 or 11 character code used in banking to facilitate transactions and identify the bank.
What is the purpose of a SWIFT code in international transactions?

What is the purpose of a SWIFT code in international transactions?

SWIFT codes are used to route international financial transactions to the correct bank and branch. It facilitates the smooth and accurate transfer of funds between different banks and countries, ensuring that the transactions are processed correctly and securely.

How do I find my bank's SWIFT code?

You can find your bank's SWIFT/BIC code in the statements of your bank account. You can also use our SWIFT/BIC finder to get the right code for your transfer.
How do I find my bank's SWIFT code?

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Frequently Asked Questions

1. Why does SAMSUNG SDS CO., LTD. have different SWIFT Codes?

SAMSUNG SDS CO., LTD. operates differently across various countries, regions, and branches, with variations in business operations and clearing paths. To accurately identify and process SAMSUNG SDS CO., LTD.'s cross-border payments and other transactions, different SWIFT Codes are used for distinction. Many large multinational banks have unique SWIFT Codes to their headquarters, regional branches, and overseas subsidiaries to ensure precise and secure fund transactions.

2. How do I know which SWIFT Code of SAMSUNG SDS CO., LTD. to use in a transfer?

It depends on the specific business scenario. For cross-border remittance to a branch of SAMSUNG SDS CO., LTD., you can log on to the official website of SAMSUNG SDS CO., LTD., or search the current page of XTransfer, or call SAMSUNG SDS CO., LTD. to inquire about the SWIFT Code of the branch. For international business, you should first coordinate with the relevant branch in the target country and confirm the correct SWIFT Code based on the exact information provided by your business partner.

3. Is there any pattern in the composition of different SWIFT Codes for a multinational bank like SAMSUNG SDS CO., LTD.?

Usually, SWIFT Code consists of 8 or 11 characters. For SAMSUNG SDS CO., LTD., the first 4 digits represent the bank code, which is the same for SAMSUNG SDS CO., LTD. worldwide; the 5th and 6th digits are the country code; and the 7th and 8th digits are the region code, which will be different for branches in various regions. If the code includes 11 digits, the last 3 digits represent the branch code, which is used to distinguish different branches within the same region.

4. Will the SWIFT Code for SAMSUNG SDS CO., LTD. be updated or changed?

Yes. When SAMSUNG SDS CO., LTD. undergoes an organizational restructuring, such as a branch relocation, merger or split, or when there is a significant change in the financial system of the region where SAMSUNG SDS CO., LTD. is located, its SWIFT Code may be updated and changed. SAMSUNG SDS CO., LTD. will announce the changes in advance through its official website, mobile banking APP and other channels. Therefore, when handling cross-border business, customers should pay attention to the announcement of SAMSUNG SDS CO., LTD. in time to confirm the latest SWIFT Code information, so as to avoid affecting the business.

5. Do different SWIFT Codes of SAMSUNG SDS CO., LTD. support the same scope of business?

The scope of business is different. While the same bank can operate with different SWIFT Codes for the same basic types of business, there are differences for some specialized businesses or for businesses in specific regions. For example, the SWIFT Code of some branches may be specialized to support trade finance business, while the SWIFT Code of other branches is more convenient for cross-border e-commerce collection. In addition, for some emerging markets or country-specific business, only the SWIFT Code of a particular branch may have the authority to process it. When conducting international business, it is important to check whether the SWIFT Code of SAMSUNG SDS CO., LTD. supports the corresponding business.