An official checks banknotes at a Hana Financial institution department in Seoul, Could 7, 2024. Yonhap
The variety of overseas forex financial institution accounts held by people has topped the ten million mark as extra opted to open such accounts for abroad inventory buying and selling and journeys overseas, business knowledge confirmed Wednesday.
In response to the info, the variety of overseas forex accounts on the prime 5 banks — KB Kookmin, Shinhan, Hana, Woori and NH Nonghyup — stood at 10.37 million as of Thursday, up 8.9 p.c from the top of final 12 months and 47.5 p.c from the top of 2023.
The expansion in overseas forex financial institution accounts was led by a spike in journey cash playing cards, via which abroad vacationers can withdraw foreign currency.
The information confirmed the excellent quantity of overseas forex financial institution accounts on the prime 5 lenders stood at $13.4 billion as of final Thursday, lowering from $13.6 billion on the finish of final 12 months and from $14.6 billion on the finish of 2023. (Yonhap)
