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