The Bank of Korea said on Friday that it has selected 7 domestic banks and 5 foreign banks with branches in South Korea as market makers for direct transactions between the Korean won and the renminbi next year. The Bank of Korea said that the seven domestic banks are KB Kookmin Bank, NH Nonghyup Bank, Shinhan Bank, Woori Bank, Korea Small and Medium Business Bank, Korea Bank of Korea, Bank of Korea and Industrial Bank of Korea. The five foreign banks are China Construction Bank, Bank of Communications, Industrial and Commercial Bank of China, Bank of China, and HSBC Holdings.

The Bank of Korea said on Friday that it has selected 7 domestic banks and 5 foreign banks with branches in South Korea as market makers for direct transactions between the Korean won and the renminbi next year. The Bank of Korea said that the seven domestic banks are KB Kookmin Bank, NH Nonghyup Bank, Shinhan Bank, Woori Bank, Korea Small and Medium Business Bank, Korea Bank of Korea, Bank of Korea and Industrial Bank of Korea. The five foreign banks are China Construction Bank, Bank of Communications, Industrial and Commercial Bank of China, Bank of China, and HSBC Holdings.