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Bank of Korea Museum, Seoul — Photo: Sean Young (Assanges) / Wikimedia Commons (CC BY 4.0)

Sep 29, 2025 AM EDT - Jason

Korea to Open 24-Hour FX Trading and Enable Offshore Won Settlement—What Global Investors Should Expect

SEOUL/NEW YORK - South Korea will move to around-the-clock trading in the won and build an offshore settlement channel, a reform package President Lee Jae-myung unveiled to global investors in New York as the currency hovered in the 1,40x per-dollar range. The aim: fix long-criticized access frictions and strengthen Korea's bid for MSCI Developed Markets

Bank of Korea headquarters, Seoul — Photo: Otraff / Wikimedia Commons

Sep 26, 2025 AM EDT - Jason

Korea to Open 24-Hour FX Trading to Woo MSCI Upgrade as Won Tops 1,410

South Korea will move to around-the-clock trading in the won and build an offshore settlement channel, a reform President Lee Jae-myung unveiled to global investors in New York as the currency hovered above ₩1,410 per U.S. dollar. The package is designed to fix long-criticized access frictions and bolster Korea's bid to graduate into MSCI's Developed Markets basket. Reuters first reported the plan,

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