KB Kookmin Bank Extends Non-Face-to-Face Foreign Exchange Trading Hours to 23:50

Exchange Rates for 42 Currencies Quoted at Night and Foreign Exchange Trading Available for Major Currencies

[Asia Economy Reporter Park Sun-mi] KB Kookmin Bank announced on the 10th that it will expand the foreign exchange trading hours to enhance the convenience of non-face-to-face foreign exchange transaction services.

With the expansion of foreign exchange transaction hours, the internet banking and KB Star Banking services, which currently operate from 9:00 to 23:00 on business days for ▲overseas remittances ▲domestic foreign currency fund transfers ▲foreign currency deposit and withdrawal transactions, will be extended to operate from 9:00 to 23:50. Some transactions, such as overseas remittances, will also be available on weekends and public holidays. Additionally, the exchange rate quotation for 42 currencies, which was previously only available during the day, has been improved to be available at night through the Trading Department's Capital Market London Desk by utilizing real-time offshore market information.

Furthermore, the KB Exchange Rate Pick Service, a real-time foreign exchange trading service that allows customers to trade or place reservation orders directly, has extended its trading hours from the previous 17:30 to 19:00, an extension of 1 hour and 30 minutes. This enables foreign exchange trading linked to the global foreign exchange market rates even at night.

A KB Kookmin Bank official stated, “We plan to further expand the foreign exchange trading hours in the future,” and added, “We will continue to do our best to introduce various services to enhance the convenience of foreign exchange customers.”