Korea Exchange Bank is the leading foreign exchange banks in South Korea. The bank was founded in 1967, and has its headquarters in the capital city of Seoul. The bank is supposed to be the largest banks for foreign exchange, and holds the fifth position in terms of assets. They provide a wide spectrum of foreign exchange services and products. The Korea Exchange Bank in Sydney converted its subsidiary into a branch recently, and has improved its business potential substantially. It started as a representative office in 1977, and became a subsidiary in 1985, and has converted that into a branch. The bank provides a wide range of financial services to all the Korean businesses, which enter the Australian markets, and also to all the local Australian companies. When the bank was a subsidiary, it had many restrictions, and it was not allowed to handle the deposits, and had limitations on the credit extensions, as well. But, these were pushed back, when the bank was converted into a branch in 2012. The branch provides various services to individuals and corporate clients, and provides savings deposits, financing for imports and exports, foreign exchange, and loans. Korea Exchange Bank Co., Ltd
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