Gwangju Bank Launches Foreign Exchange Trading Service 'FX Trading'

Gwangju Bank announced on the 27th that it will implement a simplified foreign exchange transaction service called 'FX Trading'.

This service allows users to buy and sell foreign currencies at real-time applied exchange rates through internet banking.

One advantage is that with a one-time exchange rate preferential approval upon registration, continuous transactions are possible within the validity period.

It provides real-time KRW-based transactions (KRW↔foreign currency) and cross-currency transactions (USD↔foreign currency), with a total of 10 available currencies including USD, JPY, EUR, CNY, HKD, NZD, AUD, CAD, SGD, and GBP.

The transaction limit per case is up to the equivalent of USD 500,000 for major currencies (USD, JPY, EUR) and up to the equivalent of USD 300,000 for other currencies (excluding major currencies). A minimum 50% exchange rate preferential treatment is provided based on USD, JPY, and EUR.

Lee Young-moon, Head of the Foreign Exchange Business Department, said, “We hope the FX Trading service will be of great help to customers using foreign exchange transactions,” and added, “We will continue to enhance this service to make it even more convenient to use.”

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