Industrial Bank of Korea

IBK, your financial partner
for a better future.

Foreign Exchange

Service Info.
Target customers
individual (Including foreigners)
Using channels
Smart Banking
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Currency exchange
Currency benefits
Exchange limits
  • (Onetime) more than USD 100
  • (One day) Within maximum of one million won
Payment method
Automatic withdrawal from IBK withdrawal account after application for exchange
(Automatic cancellation at 11:00 am, after 7 business days from the date of application for non-receipt)
Receipt of Foreign currency
Unique exchange number(SMS send)
Bring your ID card to your nearest IBK Industrial Bank branch
Expiration date
From the date 7Business
Foreign Currency Receiving Method
The recipient must receive it directly by visiting an IBK branch with their own identification card and exchange confirmation number.
Repurchase due to Exchange Cancellation
  • Cancellation is not possible after virtual account deposit.
  • For exchange cancellation (repurchase), the customer must visit an IBK branch with their identification card and exchange authorization number.
  • The currency in won with the transaction standard rate at the time of cancellation applied will be returned.
  • A profit/loss may occur due to the fluctuation of exchange rate when exchanging again.
Compliance Officer Passed Deliberation



For more information about individual products, please visit the Trading Branch or contact IBK Customer Center (1566-2566)

  • If there are objections to bank transactions, you may request resolutions to the dispute handling organization of the IBK Industrial Bank or apply for conflict arbitrations through the Financial Dispute Resolution Board.
    (Financial Supervisory Service: 1332 without national code number., IBK Industrial Bank of Korea: 080-800-0119)
  • IBK Industrial Bank of Korea does not accept any bribes or treats, and in case of any violation of ethical management or any improvement needed, please report it. (+82-02-729-7490, e-mail: