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Draft Shows South Korea But Draft Shows Korea

Posted: Sat Apr 04, 2015 6:51 am
by Cartas57
Dear member

Will you consider discrepancy when draft shows drawn on IB name per LC and right after country S.Korea . LC mentions Korea only

Your comments appreciated

Korea vs S. Korea

Posted: Sat Apr 04, 2015 8:08 pm
by picant
Hi Pal,

IMHO, South Korea is a simple way to avoid difficulties, only Korea may be interpreted as North Korea involved in emargo and restrictions. Many korea banks write in their l/c that Korea means South Korea. I will check the Swift code KR Korea or S.Korea
KP North Korea. No discrepancy IMHO:
Other comments appreciated
Ciao