FX.co ★ South Korea to Launch 24-Hour FX Market, Ease Won Trading Rules

South Korea is set to introduce a 24-hour trading system in its foreign-exchange market and relax the rules governing won transactions for non-residents, as announced by the Finance Ministry. Slated for implementation next year, these reforms are designed to bring the nation’s financial infrastructure in line with global standards, increase market liquidity, and attract greater foreign investment. By allowing continuous trading and easing restrictions on non-resident engagement, the government aims to bolster transparency and mitigate currency volatility. Kim Jae Hwan, the director general of the Finance Ministry, stated that this initiative is part of broader measures to internationalize the won and position Seoul as a prominent regional financial hub. "We anticipate this will enhance price discovery and deepen the foreign exchange market," he remarked, highlighting that comprehensive guidelines for implementation will be unveiled in the coming months.