Korea Exchange Bank - History

History

Korea Exchange Bank was established in 1967 as a government-owned bank specializing in foreign exchange. It was privatized in 1989 and was one of Korea's first commercial banks.

  • January 1975:Started securities business
  • April 1978:Launched Korea's first credit card service
  • March 1983:Issued travelers cheques
  • February 1985:Official sponsor bank for 1986 Asian Games & 1988 Seoul Olympic Games
  • April 1994:Listed on Korean Stock Exchange
  • December 1995:Opened foreign exchange research center
  • November 1999:Opened a foreign exchange website offering exchange rate conversions and foreign exchange services
  • April 2001:Opened the foreign exchange website FXKEB.COM
  • June 2002:Introduced ATM services in foreign currency - a first for Korea

During the 2002 World Cup Games in Korea and Japan,KEB was the first Korean bank to export Korean won to another nation, by exporting bundles of 10000 won notes to Japan.

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