stake in Korea Exchange Bank, and the unfair imposition of arbitrary capital gains taxes on the sale by Korean tax authorities. Lone Star claimed that the delay of approving Lone Star's sale of KEB shares until the forced sale was illegitimate because it was upon the hostility of public opinion against Lone Star Funds, and the delay caused the financial loss because they had lost other chances to sell at a higher price due to the delay. In addition, Lone Star claimed that South Korea's tax authorities applied inconsistent and arbitrary standards for the transfer income tax regarding the sale of KEB shares for the purpose of extracting the maximum amount of taxes from Lone Star. For the compensation, Lone Star Funds demands about $4.7 billion, and the arbitration is ongoing in 2020. Foreign exchange Hana Bank is the largest and longest-running exchange bank in South Korea, with 40% of South Korea's foreign exchange market. Its exchange services include currency exchange and wire transfers. Hana exchanges the following currencies: 1. Asia dollar dollar dollar yen baht rupee ringgit new dollar dong rupiah renminbi peso 2. North America & South America dollar dollar real peso peso 3. Oceania dollar dollar 4. Middle Eastern & Africa rand pound dinar riyal new sheqel dinar dinar dirham riyal riyal 5. European krone pound krona ruble tenge forint franc krone euro złoty koruna lira All Hana Bank branches in South Korea provide foreign exchange services. Some of the more common currencies, such as US Dollar, euro, and Japanese Yen are available at all Hana branches. Travellers Cheques were first introduced in South Korea by Korea Exchange Bank, through Visa. Today, many Travellers Cheques companies offer travellers cheques through Korea Exchange Bank. Korea Exchange Bank is one of few specialized banks in South Korea that buys and sells foreign currency coinage. Foreign currency coinage exchangeable at Hana are: United States dollar Euro Japanese yen Canadian dollar British pound Hong Kong dollar Swiss franc Australian dollar Other commercial banks in South Korea that provide foreign exchange services include Kookmin Bank and Shinhan Bank. See also Hana Bank Invitational LPGA KEB Hana Bank Championship List of Banks in South Korea List of South Korean companies Economy of South Korea Lone Star Funds References External links Banks of South Korea Companies based in Seoul Banks established in 1967 South Korean companies established in 1967 Foreign exchange companies