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The Korean language is both the national and official language of the Republic of Korea (South Korea) and the Democratic People’s Republic of Korea (North Korea). As well, it’s one of the two official languages in the Yanbian Korean Autonomous Prefecture and Changbai Korean Autonomous County of the People’s Republic of China. The Korean language is spoken by around 80 million people worldwide, primarily by those located in East Asia. As the language is spoken by many, there is a large demand for online trading brokerages to support and offer this language to traders. Therefore, Korean speaking traders are blessed with a myriad of online trading brokerages to choose from, most of which are located in South Korea, but internationally as well.
show moreOnline trading brokers specializing in servicing Korean speaking people generally accept the Korean won as their primary currency. However, because the Korean language is spoken in more countries than just Korea, online trading brokerages tend to accept multiple currencies for deposits and withdrawals. Such currencies include, but aren’t limited to the Japanese yen, the Chinese yuan, or even the euro and the US dollar. For countries whose primary language is not Korean, it is important to check if your currency is accepted by the Korean broker you want to use. Traders can usually find the accepted currencies in the FAQ section of a broker’s website, or in the footer at the bottom of the site.
The Korean language is not contained to just the Korean countries, it is widely spoken in areas throughout East Asia and by Korean immigrants around the world. Therefore, many of the Korean speaking trading brokerages are international, meaning they accept traders from all around the world. However, some strictly service only one to a few countries. The most commonly accepted countries by Korean trading brokers are found in East Asia and include; South Korea, China, Taiwan, the Philippians and others. One country which is generally restricted with their online trading services is North Korea. North Korean trading brokerages will only accept traders from and within North Korea.
The Korean language is spoken by approximately 80 million people from around the world. For this reason, if a Korean speaking trading brokerage wants to capture clients who are located in parts of the world where the Korean language is not the primary language, they must accept other languages as well. The most common languages accepted by Korean speaking trading brokers are English, Chinese, Japanese, and Vietnamese, as well as others. However, not all trading broker sites use Korean as their primary language. If you would like to use Korean, make sure you click on the country flag on the site and select the South Korea flag if available.
Online trading brokerages supporting the Korean language usually offer their traders a variety of banking options for deposits and withdrawals. Some common deposit methods include e-wallets, credit cards and debit cards, cheques, bank transfers, international wire transfers, and special money transfer services. Additionally, some local or regional methods will be available to traders located in the same jurisdiction as the trading brokerage. As for withdrawal methods available, most of the same deposit methods mentioned above can be used, but this depends on the trading brokerage.
