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Financial institution of Korea’s headquarters in central Seoul / Korea Occasions file
The central financial institution mentioned Thursday it has designated 5 main business banks, the state-run Korea Growth Financial institution (KDB) and JP Morgan Chase as international trade (FX) main banks for 2026.
KB Kookmin, NH NongHyup, Shinhan, Woori and Hana Financial institution, together with KDB and JP Morgan, have been chosen based mostly on monetary soundness, creditworthiness and robust efficiency in won-dollar spot and international trade swap transactions, the BOK mentioned.
The chosen banks are eligible for a discount of as much as 60 p.c within the FX stability levy.
“In step with the excellent highway map for the inclusion within the Morgan Stanley Capital Worldwide (MSCI) index, we are going to work intently with the main banks to make sure that ongoing FX market reforms are efficiently carried out,” a BOK official mentioned.
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