Retail Payment Systems / Functions Services / B2C & B2B Electronic Commerce Payment Systems / PvP Systems / /
Country
Korea / /
Currency
KRW / /
IndustryTerm
Internet banking / e-commerce transaction funds / bank / non-bank financial institutions / Non-bank participant institutions / net payer bank / business to business / retail payments / payment systems / largevalue funds / bank headquarters / e-commerce activities / e - commerce / individual computer systems / net receiver bank / participant bank / net receiving bank / financial institutions’fund management / net paying bank / /
Organization
Payment Systems & Treasury Service Department / Domestic Currency Funds Transfer Service / National Agricultural Cooperative Federation / Bank of Korea / Post Office / National Federation of Fisheries Cooperatives / KFTC Clearings Review Committee / /
1. Large-Value Payment System 1.1 Outline The BOK has been running BOK-Wire as the only RTGS system for large-value funds since December[removed]It guarantees settlement finality for individual funds transfer requests by a