Hana Securities said on March 23 it has obtained approval from the Ministry of Finance and Economy for general currency exchange-related business.
The ministry previously revised the Foreign Exchange Transactions Regulations through an amendment to allow securities firms that meet certain requirements to conduct general currency exchange for purposes other than investment. Hana Securities obtained the approval after building internal control organisations and IT facilities in line with the regulations.
It plans to expand its business scope beyond general currency exchange services by linking services with various digital assets such as Hana Money. The company said it aims to improve both efficiency and accessibility in managing foreign currency assets and provide a differentiated customer experience.
Kim Jung-hyun (김정현), head of Hana Securities’ WM Sales Division, said, “This general currency exchange business approval has made it possible to carry out a range of currency exchange operations.” He added, “We will continue to provide various financial services that can enhance customer convenience.”
