The Bank of Korea and the Ministry of Economy and Finance said on Wednesday they selected KB Kookmin Bank, NH NongHyup Bank, Korea Development Bank, Shinhan Bank, Woori Bank, JPMorgan Chase Bank and Hana Bank as 2026 foreign exchange market leading banks (FX Leading Bank), listed in Korean alphabetical order.
Foreign exchange market leading banks are foreign exchange banks that meet certain standards such as financial soundness and creditworthiness and have strong performance in won-dollar spot and FX swap transactions.
Leading banks receive up to a 60 percent reduction in foreign exchange stability levies.
A Bank of Korea official said it would communicate closely with leading banks so that the foreign exchange market system improvements currently being pursued can be smoothly settled in the market. The official said it would continue policy efforts to promote healthy activity in the country’s foreign exchange market.
Lee Ji-young
ljy@d-today.co.kr