Gwangju Bank Launches 'Updated Hwan-Tech Foreign Currency Time Deposit'

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] Gwangju Bank (President Song Jong-wook) announced the launch of the ‘Dollajin (DOLLAR 眞) Currency Tech Foreign Currency Time Deposit’.

As concerns about inflation rise due to the global economic downturn and the increase in international oil prices, there is a growing preference for safe assets, making foreign currency deposits a favored financial technology tool.

Moreover, with the recent rise in the KRW-USD exchange rate and the expectation that the dollar’s strength will continue for some time, many customers are showing interest in currency tech that profits from exchange rate increases. Reflecting customer needs, Gwangju Bank has launched the ‘Dollajin (DOLLAR 眞) Currency Tech Foreign Currency Time Deposit,’ which offers convenient currency tech services along with preferential interest rates.

The ‘Dollajin (DOLLAR 眞) Currency Tech Foreign Currency Time Deposit’ allows customers to deposit amounts of 1,000 US dollars or more for periods ranging from 3 to 12 months. Additionally, if customers subscribe for 12 months and convert their entire KRW amount into foreign currency upon new subscription, they can receive a preferential interest rate of 0.20%p per annum.

Furthermore, the ‘Dollajin (DOLLAR 眞) Currency Tech Foreign Currency Time Deposit’ newly introduces a foreign exchange trading reservation service. This service enables customers to automatically buy and sell foreign currency when the desired exchange rate they specify is reached. When using this service, the deposit is automatically terminated and the funds are credited to the customer’s designated KRW account once the specified exchange rate is met.

In addition, customers who apply for the foreign exchange trading reservation service and subscribe to the ‘Dollajin (DOLLAR 眞) Currency Tech Foreign Currency Time Deposit’ will automatically receive a 50% preferential exchange rate when the specified rate is reached, making currency tech even more convenient for customers.

Song Jong-wook, President of Gwangju Bank, became the first subscriber to commemorate the launch of the ‘Dollajin (DOLLAR 眞) Currency Tech Foreign Currency Time Deposit’ and said, “In this era of low interest rates and expanding unstable international economic conditions, we have launched the ‘Dollajin (DOLLAR 眞) Currency Tech Foreign Currency Time Deposit’ with added convenient currency tech features for customers interested in safe asset investment through US dollar currency tech. We ask for your great interest and support.”

This content was produced with the assistance of AI translation services.