Kookmin Bank launches foreign currency trading platform KB Star FX
Bo-Hyung Kim
Jan 17, 2023 (Gmt+09:00)
South Korea's largest lender Kookmin Bank on Monday launched its new contactless platform for foreign exchange transactions dubbed KB Star FX.
The one-stop platform features not only foreign exchange trading and payment but also related market information and content. An online banking customer of the bank can use KB Star FX free on the Kookmin website without installing a separate app or program.
KB Star FX covers foreign exchange transactions, related information and hedging solutions. In trading, customers can conduct contactless transactions such as foreign currency trading and spot and forward exchange without going to a branch based on real-time foreign currency quotes from an application program interface.
In information, the platform provides technical analysis of exchange rate flow by currency to support view of the highly volatile foreign exchange market from a number of angles. It also offers things ranging from issues in foreign exchange to market commentary videos featuring forex dealers and economists and reports on foreign currency.
The hedging solution presents the proper hedge ratio of corporate foreign currency cashflow through exchange rate simulations. This can serve as a guide for corporate finance managers to devise hedging strategies prior to conducting currency hedging transactions.