Next Securities and Hana Bank Join Hands to Improve Domestic Equity Investment Environment for Foreign Investors

Next Securities announced on the 16th that it signed a memorandum of understanding (MOU) with Hana Bank on the 15th at Hana Bank's headquarters in Euljiro, Seoul, regarding 'foreign exchange (FX) transactions and custody services for foreign securities investments' to improve the domestic equity investment environment for overseas investors.

This agreement was established to align with the government's policies to advance the domestic capital market, such as improving the structure of the foreign exchange market and introducing an integrated securities trading account for foreigners, and to build a financial infrastructure that dramatically increases overseas investors' access to the Korean market.

Seungyeon Kim, CEO of Next Securities (left), and Beomjun Cho, Head of the Treasury Market Group at Hana Bank, signed a business agreement on the 15th. Next Securities

Through this agreement, the two companies agreed to cooperate in several areas: sharing and trading real-time FX rate information using FX APIs; providing custody services for foreign securities investments to facilitate overseas securities firms’ settlements on domestic exchanges; and applying real-time FX rates 24 hours a day for overseas investors.

It is expected that this will enhance the convenience of overseas investors who have been experiencing difficulties due to time restrictions on KRW-USD trading, and contribute to the creation of a more foreign investor-friendly market by providing various value-added services such as KRW settlement and disclosure services following securities trading.

Beomjun Cho, Head of the Treasury Market Group at Hana Bank, said, "Through our collaboration with Next Securities, we have laid the groundwork for the Seoul FX market and the domestic equity market to expand onto the global stage."

Seungyeon Kim, CEO of Next Securities, stated, "This agreement is part of our efforts to proactively establish the necessary FX and custody infrastructure prior to the launch of new financial investment services, in line with the policy direction of the financial authorities," adding, "We will continue to steadily prepare to respond to changes in the global investment environment."

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