This building, built in 1929, is Mokpo branch of Honam Bank that was established by people of Honam region against Japanese capital. Although the general design is simple surface with focus on verticality, some variation exists with the protruding design above 2nd floor wall and stringcourse below eaves and roof. This is the only existing building in the field of finance at Mokpo, an open port of Korea’s modern times. It’s highly valuable modern cultural heritage as a bank established purely on Korean capital.