Global Outward Remittance
KBank, who is entrusted by the remitter, pays a certain amount of fund to the designated beneficiary through the correspondent bank.
Compared with import L/C and documentary collection, outward remittance has the advantages
of simple procedures and low cost, fast and simple process with broad applicable scope.
Global Inward Remittance
KBank will receive funds transferred from a foreign country on behalf of customers for product and service payment etc. Then, the fund transfer as instructed by the transferor in a foreign country will be credited to the customer's account.