Shinhan Bank said on Sunday it will run an event from April 20 offering a 100 percent exchange rate discount to small and medium-sized companies and sole proprietor customers when they receive trade remittances.
The event was designed to ease financial burdens and improve convenience in foreign exchange transactions for small firms and sole proprietors newly starting trade deals or with no foreign exchange remittance transaction history at Shinhan Bank for a certain period.
The event runs through Oct. 19 and applies to small firms and sole proprietors with no trade remittance performance at Shinhan Bank from January 2025 to March 2026.
Customers can receive the 100 percent exchange rate discount up to twice a month when receiving trade remittances of up to $100,000 per transaction. It applies to 23 currencies including USD, JPY and EUR.
A Shinhan Bank official said, "We prepared this event to ease the financial burden on export and import business customers at a time when volatility in the external environment has increased." The official added, "We will continue to provide various benefits and financial support tailored to the transaction characteristics of export and import companies."
Ji-young Lee
ljy@d-today.co.kr