Jakarta. Bank Shinhan Indonesia, in collaboration with the Korea International Trade Association (KITA), hosted a Foreign Exchange (FX) Seminar to strengthen trade and financial collaboration between Indonesian and Korean companies.

Held at the Bank’s headquarters in Jakarta on Tuesday, the event brought together corporate leaders from various industries to gain insights into international banking transactions, trade finance solutions, and foreign exchange risk management. The seminar was designed for Indonesian companies engaged in business with Korea, covering key topics such as remittance, Letters of Credit (L/C), FX products, derivatives, and economic outlook. 

In his remarks, Mr. Cho Myonghyon, representing Bank Shinhan Indonesia, emphasized the importance of financial readiness in navigating global trade dynamics. As Indonesia–Korea trade continues to grow, businesses need not only market access but also the right financial solutions.

Through this seminar, the Bank aims to support clients in managing risks, optimizing transactions, and expanding globally. KITA representative Mr. Youn Jung Yeul also highlighted Indonesia’s strategic role as a key partner for Korean companies, with growing opportunities for collaboration.

The seminar featured three main sessions covering international banking transactions, export-import financing strategies, and FX outlook and hedging. Topics included remittance solutions, KRW–IDR Local Currency Transactions (LCT), DA/DP, L/C, forfaiting, and hedging instruments such as FX forward, swaps, and interest rate swaps.

Participants also gained insights into key global risks, including currency volatility, payment risk, and geopolitical uncertainty. Overall, the sessions emphasized the importance of risk management in ensuring business stability and continuity. 

Beyond knowledge sharing, the seminar also served as a strategic networking platform connecting Indonesian corporates with the Korean business ecosystem. The event brought together executives from 23 companies across sectors such as manufacturing, logistics, food and beverage, retail, and technology. Participants exchanged views on market opportunities, supply chain collaboration, and partnership development, reinforcing Indonesia’s growing importance as a strategic partner for Korean businesses. 

Through this initiative, Bank Shinhan Indonesia reaffirmed its commitment to going beyond traditional banking services by positioning itself as a strategic partner for corporate clients. In addition to financial solutions, the Bank provides market insights, advisory services, and access to its global network to support international expansion. Leveraging its strong connectivity with Korea and global capabilities, the Bank aims to facilitate efficient transactions, enhance risk management, and support sustainable business growth.

Bank Shinhan Indonesia is a commercial bank licensed and supervised by the Financial Services Authority (OJK) and Bank Indonesia, and a participant of the Indonesia Deposit Insurance Corporation (LPS). As part of the Shinhan Financial Group, the Bank is supported by a global network across more than 20 countries and over 1,700 correspondent banks, enabling integrated and efficient cross-border financial services. 

Korea International Trade Association (KITA) is Korea’s largest trade organization with over 77,000 member companies. It plays a key role in trade promotion, business matching, and supporting global expansion, including through its Jakarta Center, which strengthens Indonesia–Korea business collaboration.
 

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