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From: dvdfan9@hotmail.com (Ken)
Newsgroups: fj.life.in-japan
Subject: Re: Yet again: Useless bank!
Date: 20 Aug 2003 08:12:57 -0700
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Reg. Blank wrote:
>
> My rant on Shittybank; I asked them to send Korean Won to Korea.
> Filled out some forms, waited some 15 minutes.  Turned out that
> the Shitty-very-international-bank coudn't send Won to Korea!

Korea hasn't got the legislation in place to allow netting of
mutual forex obligations.  I can understand that a bank operating
in Japan might thus be unwilling to shoulder the Herstatt risk
if their business with Korea isn't that important.