HSBC Korea

HSBC's Corporate and Institutional Banking group is a leading provider of financial services to top-tier global corporate and institutional clients. Our team comprises of dedicated industry professionals committed to servicing the strategic, financial and capital-raising needs of our clients.

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What's New

  • [Notification] Change of Global Billing TWIST Service

    Please be advised that GBS TWIST sevice charge will be applied to your account from 1 Jun 2022

    Regular invoice in CSV or PDF format continue to be free.

    Charges BEFORE NEW (22.6.1)
    Monthly Service Fee Nil KRW 12,000 a month per TWIST file.
    Onetime Set-up fees Nil KRW 60,000 per TWIST file

  • [Notification] Change of Agreement for Foreign Exchange Transactions

    Please be advised that the Agreement for Foreign Exchange Transaction is revised effective from April 13, 2022.

    Comparison Table (PDF, 240KB)

    Effective date: 13 April 2022


  • [Notification] Change of e-Channels Terms and Conditions

    Please be advised that the e-channels Terms and Conditions will be revised effective from May 30, 2022.

    Comparison Table (PDF, 361KB)


  • [Notification] Change of General Terms and Conditions on Virtual Account Service

    Please be advised that the General Terms and Conditions on Virtual Account Service with effective from March 1, 2022.

    Comparison Table (PDF, 222KB)

    Effective date: 1 March 2022


  • Notice of Cash Credit Transaction via VNC Service

    We would like to inform you that cash credit transaction for VNC via branches & ATM will be supported as below.

    1. Cash Credit Transaction Service via Branches & ATM
    2. Target Banks : Shinhan Bank, IBK Bank and NH Bank
    3. Target Effective Date: 15th November 2021
    4. Note

    - Actual effective date and time could be varied.

    <Effective Date : 15 November 2021>


  • [Notification] Revision of deposit terms and conditions

    Please be advised that ‘Indemnity Agreement for Financial Transactions through Instructions by Fax, Mail and Person’ will be revised effective from October 15th, 2021

    [As-is] Indemnity Agreement for Financial Transactions through Instructions by Fax, Mail and Person (PDF, 441KB)

    [To-be] Indemnity Agreement for Financial Transactions through Instructions by Fax and Mail (PDF, 445KB)

    Effective date: 15 October 2021


  • GLCM application forms: How to fill out a form

    Please be informed that the GLCM application forms and the guide ‘How to fill out a form’ will be provided via HSBC website. (Effective as of Oct.5, 2021)


  • [Notification] Revision of e-Channel services fee

    Please be advised that HSBC Korea is to revise standard tariff of e-channel(Treasury API) effective from 21 June 2021.

    Before
    Item Before
    Setup and Integration Testing fee USD5,000
    Monthly fee USD550
    File Processing fee USD5

    New
    Pricing Point Charges (USD or local equivalent currency) Remarks
    One Time Setup Fees USD3,500 Applicable for all APIs
    Monthly Service Usage Fees USD550 Applicable for payment & collection API category
    • Single/Bulk Payment APIs
    • Real Time APIs
    • Payment Status Enquiry APIs
    • Real time Direct Debit Authorization & Initiation APIs
    • Global Disbursement APIs
    USD55 per account Applicable for
    • Account Balance API
    • Transaction Enquiry API
    (*not applicable to SWIFTgpi APIs)
    Monthly API Access Fees



    Applicable for all APIs, is the total number of API calls across all APIs used

    		 USD50 1 to 5,000 API Calls
    USD75 up to 10,000 API Calls
    USD200 up to 50,000 API Calls
    USD300 up to 200,000 API Calls
    USD500 up to 500,000 API Calls
    USD1,000 up to 1,000,000 API Calls
    USD2,000 Above 1,000,000 API Calls

  • [Notification] Revision of deposit terms and conditions

    Please be advised that ‘General Terms and Conditions on Deposit Transactions’ and ‘Terms and conditions on account with free deposits and withdrawals’ will be revised effective from May 2nd, 2021.

    - General Terms and Conditions on Deposit Transactions

    As-Is terms and conditions (PDF, 156K)

    To-Be terms and conditions (PDF, 502KB)

    - Terms and conditions on account with free deposits and withdrawals

    As-Is terms and conditions (PDF, 399K)

    To-Be terms and conditions (PDF, 403KB)

    <Effective from May 2nd, 2021>

  • [Notification] Introduction of terms and conditions on Giro/Tax Payment Service

    Please be advised that terms and conditions on Giro/Tax Payment Service introduced and will be effective from April 15, 2021.

    Terms and conditions of Giro/Tax Payment Service (PDF, 338KB)

    Effective date: 15 April 2021

  • [Notification] Introduction of Standard Tariff on Giro/Tax Payment Service

    Standard Tariff on Giro/Tax Payment Service introduced and will be effective from April 15, 2021.

    Existing customers, who are using this service free of charge for now, can continue to use this service without charge until the pricing negotiation in due course.

    Charging Item Tariff
    Application fee KRW50,000 (one-time for new onboarding)
    Monthly service charge KRW100,000 (recurring)

    Effective date: 15 April 2021

  • HSBC’s first co-branded corporate card launches in Korea

  • [Notification] Revision of e-Channel services fee

    Please be advised that HSBC Korea is to revise standard tariff of e-channel (ERP Link) effective from 29 February, 2021.

    Item Before New
    Price(1~4 countries) Price(>=5 countries)
    Setup and Integration Testing fee USD5,000 USD10,000 USD5,000
    Monthly fee USD600 USD800 USD750

  • [Notification] Revision of terms and conditions on account with free deposits and withdrawals

    Please be advised that terms and conditions on account with free deposits and withdrawals will be revised effective from February 1, 2021.

    As-Is terms and conditions (PDF, 394KB)
    To-Be terms and conditions (PDF, 398KB)
    Comparison Table (PDF, 222KB)

    Effective date: 1 February 2021

  • Unclaimed account closure and KINFA contribution

    We sincerely thank you for banking with The Hongkong and Shanghai Banking Corporation Limited, Seoul Branch.

    Under local laws Korean financial institutions are obligated to close and to contribute any remaining funds in unclaimed accounts to the “Korea Inclusive Finance Agency (the “Agency”)”.

    As per these requirements we will close your account and contribute any funds in unclaimed accounts to the Agency as your account have not had any transactions for the past 5 years, which meets the contribution criteria.

    However, if requested before the contribution, we will return your deposits to you. If you make a return request through any one of the following channels even after the contribution, the Agency will pay you through the necessary procedures.

    1. The Hongkong and Shanghai Banking Corporation Limited, Seoul Branch;
    2. Customer Support of Korea Inclusive Finance Agency;
    3. Website (https://sleepmoney.kinfa.or.kr);
    4. APP of the Korea Inclusive Finance Agency or APP of KINFA loan (Download from App store)

    Once again we sincerely thank you for selecting The Hongkong and Shanghai Banking Corporation Limited, Seoul Branch as your banking partner.

    If you have any enquiries, please feel free to contact your RM, Client Service Manager or Corporate Customer Service Center Seoul (ccsc@kr.hsbc.com).

  • [Notification] Change of General Terms and Conditions on Virtual Account Service
    Please be advised that the General Terms and Conditions on Virtual Account Service with effective from September 1, 2020
    Effective date: 1 September 2020
  • Interest Rate Change Announcement

    Please be advised that HSBC Korea is to revise standard credit interest rate effective from 24th Mar 2020.

    <KRW Money Market Deposit Account with Global Liquidity & Cash Management>

    % per annum

    Before

    After

    0.10% (KRW1 billion or more) /
    0.05% (less than KRW1 billion)

    0.01%

    If you have any enquiries, please feel free to contact your RM or Client Service Manager.

Additional information

Start of a New Era

As we look to a new era of business and trade we sit down with HSBC experts to get their views and outlook for business in Asia Pacific, including how they are rebuilding to adapt to the new normal and what the recent signing of the Regional Comprehensive Economic Partnership (RCEP) means for businesses across the region.

 

Useful Information

Customer Centre

DC Advice - 2004-0333

Trade Service Working Hours:

Mon-Fri 9:30 - 16:30
(Except Public Holiday)