| Mobile Web

Search results for foreign currency account

Finance

KakaoBank overseas remittances top 5 million, expands fee waivers

KakaoBank said cumulative usage of its overseas remittance send-and-receive service has surpassed 5 million transactions. The online bank said it will waive basic fees charged when transferring from a foreign-currency account to an overseas account through Dec. 31. It also said it will extend the fee waiver period for receiving overseas account transfers through Sept. 30, 2027. KakaoBank launched its overseas remittance service in July 2017.

Crypto

Shinhan Bank tests stablecoin-based corporate overseas remittances for real-world use

Shinhan Bank implemented the full process for corporate overseas remittances using stablecoins and verified whether it could be applied in actual operations. The bank said it completed a proof-of-concept that keeps existing corporate remittance workflows while applying stablecoins to the bank’s payment and settlement processes. Corporate clients would continue using existing corporate banking and foreign-currency accounts. The Solana Foundation participated in technical cooperation.

Finance

KB Kookmin Bank offers 100 percent FX rate preference to new corporate customers on KB Star FX

KB Kookmin Bank is offering a foreign exchange rate preference event for corporate customers using its non-face-to-face FX trading platform, KB Star FX, for the first time. The bank said on Sept. 28 it will provide a 100 percent exchange rate preference to new individual business owners and corporate customers using the service through Nov. 30. Eligible customers using its instant exchange service will receive the benefit automatically during the event period.