KB Securities Offers 24-Hour Real-Time Currency Exchange Service

KB Securities announced on the 29th that it has been providing 24-hour real-time currency exchange services since the 18th of last month.

The Ministry of Economy and Finance will conduct pilot trading during nighttime hours from next month until June to prevent market confusion following the extension of foreign exchange market hours (from the previous 3:30 PM to 2:00 AM the next day) ahead of the full implementation of the 'Foreign Exchange Market Structure Improvement Plan.' Previously, in February last year, the Ministry announced a plan to extend foreign exchange market hours starting in the second half of this year.

In response, KB Securities proactively prepared for the extension of foreign exchange market hours and expanded the real-time currency exchange availability from the previous 7 hours (9:00 AM to 4:00 PM) to 24 hours starting from the 18th of last month to enhance convenience and accessibility for overseas stock customers.

Real-time currency exchange is available from Monday to Saturday until 10:00 AM, and currency exchange services are also provided on public holidays (excluding Sundays). However, it should be noted that trading is restricted for 30 minutes from 11:45 PM to 12:15 AM the next day during system maintenance.

A KB Securities official stated, "It was true that customers experienced inconvenience in responding to exchange rate fluctuations because currency exchange could only be done at the closing rate after the foreign exchange market closed (4:00 PM)." He added, "To resolve this inconvenience for customers, we proactively implemented the 24-hour real-time currency exchange service, and as a result, the amount exchanged after the foreign exchange market closed (based on US dollars, comparing 10 business days before and after the service launch) increased by more than 230% compared to before the service was introduced."

Currently, real-time currency exchange services are provided for four major currencies (US Dollar, Japanese Yen, Hong Kong Dollar, Chinese Yuan), and the range of currencies offered will be expanded in the future. The 24-hour real-time currency exchange service can be accessed through KB Securities’ Mobile Trading System (MTS) KB M-able (M-able), M-able mini (M-able Mini), Home Trading System (HTS) H-able (H-able), M-able Wide, and the 24-hour desk.

Kim Young-il, Head of M-able Land Tribe at KB Securities, said, "We expect that the 24-hour real-time currency exchange service will help customers actively respond to the rapidly changing overseas markets in real time." He added, "KB Securities will continue to quickly identify customer needs and provide innovative services with a forward-looking perspective."

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