Search results for Trade and Development Bank
Finance
Korean banks step up push for foreign customers with dedicated products and specialised networks
South Korean banks are intensifying competition to attract foreign customers as the number of foreigners staying in the country rises. Banks are expanding services beyond currency exchange and overseas remittances to payroll transfers, savings products, credit loans and wealth management. Major banks have strengthened dedicated products and specialised service networks. The combined number of foreign customers at key banks is estimated at about 7.9 million, with foreign deposit balances topping 27 trillion won.
Telecommunications & Media
Woori Bank to link finance and telecom services for Mongolian workers and students in South Korea
Woori Bank said on Tuesday it signed a three-way business agreement with Mongolia’s Trade and Development Bank and South Korea’s KT to provide specialised finance and telecommunications services for foreign customers. The programme targets Mongolian workers and international students, supporting them from pre-entry recruitment to opening remittance accounts and signing up for mobile services after arrival. Woori will offer preferential exchange rates and remittance fees, while KT will apply its lowest mobile plan.
Crypto
KT to offer integrated finance and telecom services for Mongolians entering South Korea
KT said it will provide integrated finance and telecommunications services for foreigners entering South Korea through a partnership with Mongolia\'s Trade and Development Bank and Woori Bank. The three parties signed a memorandum of understanding in Seoul on Tuesday. KT and Woori Bank plan a package combining bank account opening and mobile plans for Mongolians, including a 5G welcome plan, international calling benefits and other living perks.