Fintech
2024.12.10
Foreign Exchange Laws for Remittance Companies in Korea
Service area
A client, an overseas remittance platform operator, visited our Cha & Kwon offices to discuss Korea's Foreign Exchange Transactions Act as they seek to collaborate with a domestic operator.
The limits and methods of remittance can vary depending on the type of license under the Foreign Exchange Transactions Act. Therefore, it is crucial to ensure that the domestic operator holds a valid license for remitting money in Korea.
At Cha & Kwon, our expertise in fintech and e-finance allows us to analyze the client's business model and review the relevant laws and regulations, enabling us to provide comprehensive legal advice.
