Hana Bank Partners with Next Securities to Improve Investment Environment for Foreign Investors in Korean Stocks

Hana Bank announced on April 16 that it has signed a business agreement with Next Securities regarding 'foreign exchange (FX) transactions and custody services for foreign securities investment' to improve the investment environment for overseas investors in domestic stocks.

Hana Bank and Next Securities signed a business agreement on the 15th at Hana Bank headquarters in Euljiro, Seoul, to improve the domestic stock investment environment for overseas investors regarding foreign exchange (FX) transactions and custody services for foreign securities investment. Boemjun Cho, Executive Director of the Treasury Market Group at Hana Bank (right), and Seungyeon Kim, CEO of Next Securities, are pictured commemorating the occasion. Photo by Hana Bank

This agreement was pursued to support the government's capital market advancement policies, such as the improvement of the foreign exchange market structure and the introduction of integrated securities accounts for foreign investors, and to establish financial infrastructure that enhances accessibility to the domestic market for overseas investors.

Through this agreement, the two companies will cooperate in the following areas: sharing and trading real-time foreign exchange rate information using an FX API; providing custody services for foreign securities investment (custody) to facilitate settlements on domestic exchanges for overseas securities firms; and applying real-time foreign exchange rates 24 hours a day for overseas investors.

By addressing the inconvenience that overseas investors have experienced due to restrictions on won-dollar trading hours, the companies aim to enhance the convenience of transactions and foster a more investor-friendly market by offering a variety of additional services, such as won-denominated settlement and disclosure services following stock trades.

Jobeomjun Cho, Executive Director of the Treasury Market Group at Hana Bank, stated, "Through this collaboration, we have laid the foundation for the Seoul foreign exchange market and domestic stock market to expand onto the global stage. As a leading foreign exchange bank, we will continue to innovate financial services across the capital market and contribute to the internationalization of the Korean won."

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