Korea FX Specialist Type II case studies
Korea FX Specialist Type II · Put your knowledge to work in context.
The Korea FX Specialist Type II (외환전문역 2종) is a Korean banking and foreign-exchange qualification aimed at staff who handle day-to-day FX work: branch employees processing remittances and foreign currency deposits, trade-settlement clerks checking import and export documents, and back-office staff touching exchange rates and position records. It sits below the more advanced first-grade certification, so it tests breadth of practical knowledge rather than deep dealing-room analytics. The Korea FX Specialist Type II case studies are 5 cases and about 3,433 words.
190-Day USD Receivable: Forward vs Money Market Hedge
Hanul Precision, a Seoul-based machinery exporter, will receive USD 2,000,000 in 90 days from a US buyer. The treasurer has these firm quotes: USD/KRW spot 1,342.50/1,343.50; 90-day forward 1,338.20/1,339.40.
651 words, about 3 min2Consulting Fee, Singapore Office, and Vietnam Loan: Reporting Routes
Daehan Bio, a Korean resident corporation with no financial-institution status, plans three payments from its USD account at a designated foreign exchange bank: (1) USD 180,000 to a US consultant for a market study performed entirely in the US; (2) USD 650,000 to acquire an office unit in Singapore that will be held by its newly formed wholly owned Singapore subsidiary; (3) a USD 300,000 loan to its 100%-owned Vietnamese subsidiary for working capital. The CFO has not filed any report and asks the bank to process all three on the same day.
658 words, about 3 min3Corporate USD Deposit: Cash Withdrawal, Conversion, and Non-Resident KRW Account
holds a USD 3,000,000 foreign currency deposit at a Korean bank branch. It asks the branch to: (1) withdraw USD 150,000 in cash to pay suppliers in Vietnam; (2) convert USD 500,000 into KRW and credit its KRW account; (3) open a KRW account for its Vietnamese buyer, a non-resident, who will deposit KRW 200,000,000 from export proceeds and later convert part to USD.
758 words, about 4 min4D/A 60 Days: Buyer Refuses to Accept Documents
Samil Machinery shipped USD 800,000 of equipment to a Vietnamese buyer under D/A 60 days. The exporter's bank sent the documents to the buyer's bank.
709 words, about 4 min5Individual Remittances: Tuition, Gift, and Overseas Securities
Park, a Korean resident, has already remitted USD 20,000 this year to her son's US university for tuition. She now wants to remit: (1) USD 45,000 more for the same son's tuition and living expenses; (2) USD 10,000 to her cousin in Canada as a gift; (3) USD 5,000 to an online brokerage in Singapore to buy US stocks.
657 words, about 3 min