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Business category | Type | Fees and Charges | Remarks |
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Exports | L/C advice fee |
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L/C Transfer fee |
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L/C confirmation fee | 0.45% ~ 3.20% p.a.by Credit Grade | US$30 (minimum) | |
Trading services commission | From 1M LIBOR + 1.50% to 12M LIBOR + 3.00% ± credit spread | By period | |
Discrepancy rate | Trading services commission + 1.5% | ||
Export bill negotiation handling fee | 20,000 KRW per item | ||
Imports | Fee for opening an L/C | 0.35% ~ 1.75% p.a. by Credit Grade | 15,000 KRW (minimum) |
Fee for amending the L/C conditions | 10,000 KRW per item | 15,000 KRW to increase the amount or to extend the expiry period (minimum) | |
Acceptance fee | 0.40% ~ 3.70% p.a. by Credit Grade | 15,000 KRW (minimum) | |
Fee for issuing the letter of guarantee (LG) | 10,000 KRW per item | ||
Fee for the letter of guarantee | 3% p.a. | 10,000 KRW (minimum) |