I. Introduction:
    Since January, 2004, ICBC Korean (Seoul/ Busan) Branch and domestic Branches jointly launch personal RMB Pre-Settlement remittances between Korea and China. Which means remits Korea Won or USD in Korea, beneficiary directly gets RMB in China. Beneficiary can get RMB within 1 or 2 working days after remitter completed the remittances in Korea.
    Since 2006, ICBC joint Kookmin Bank, Pusan Bank, Kyongnam Bank, Daegu Bank, Kwangju Bank,National Agricultural Cooperative Federation (NACF) to do RMB Pre-Settlement remittances Business. Customers may go to these local banks to use this service too.

II. Features:
★ Convenient!
     RMB can be directly transferred into beneficiary account. No more "Personal remittances receipt declaration" procedures.

★ Efficient and Fast!
     Remittances arrived at beneficiary's local Bank (Savings Office) within 1 or 2 working days. Beneficiary bank is ICBC Branches will be more quickly.

★ Lower fees!
     Remittances directly through counter of ICBC Seoul Branch, Busan Branch, will help you to save clearing fee than other banks. Further more, ICBC will offer you favorite exchange rate.