Korea Exchange Bank (KEB) is the fifth largest Korean commercial bank based on local banking deposits with about 7% share. KEB is a private commercial bank providing commercial, merchant and trust banking facilities as well as foreign exchange services to individuals, small¬ and medium¬sized enterprises, and corporate clients. Korea Exchange Bank operates 326 domestic and 36 overseas branches in 22 other countries. KEB’s shares have been traded on the Korea Stock Exchange since 1994. As of September 30, 2008, Lone Star, a US private equity firm, was the largest shareholder with a 51.02% stake in the bank. Korea Exchange Bank is one of the very few specialized banks in South Korea that buy and sell foreign currency coinage. Even though South Korea is an economically¬free area and many other commercial banks in South Korea such as Kookmin Bank and Shinhan Bank provide foreign exchange services, KEB still earns the largest income from foreign exchange products, as many people still think Korea Exchange Bank as the only foreign exchange bank, or that their services are most accessible. 40% of South Korea's foreign exchange income is held by Korea Exchange Bank. The Bank was founded in 1967 by the Korean Government and privatized in December 1989. In February 2012, Hana Financial Group completed acquisition of Korea Exchange Bank from Lone Star Funds and Export Import Bank of Korea. As of March 31, 2013, Korea Exchange Bank had total assets of KRW 105,466 billion and deposits of KRW 66,432 billion.