KB Kookmin Bank said Tuesday that it will install foreign exchange ATMs in 50 locations nationwide so customers can exchange Korean won for U.S. dollars.
 
When using the foreign exchange ATMs, KB clients will receive a 50 to 70 percent more favorable exchange rate than the going rate.
 
Non-KB customers can also receive a rate 50 percent more favorable.
 
Customers can exchange up to one million won at one time with a daily maximum of six million won.
 
KB clients can also directly deposit or withdraw dollar bills from their accounts.
 
A KB official said the bank is seeking to expand the service to include other currencies such as the Chinese yuan.