Bank of Korea Launches 24-Hour Offshore Won Settlement Network Pilot
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According to a report by tradealpha citing Yonhap News Agency, the Bank of Korea announced on Monday that it has initiated a pilot program for a 24-hour offshore won settlement network. This move is intended to support South Korea's broader efforts to reduce investment barriers for foreign investors. The pilot aims to facilitate smoother and more accessible trading of the Korean won in international markets by enabling round-the-clock settlement, thereby lowering the operational hurdles that foreign investors currently face. The central bank's initiative is part of a series of financial market reforms designed to enhance the global accessibility and liquidity of the won, ultimately seeking to attract greater foreign capital into South Korean financial markets.
Source report
According to Yonhap News Agency, the Bank of Korea announced on Monday that it has launched a pilot program for a 24-hour offshore won settlement network. The initiative is part of South Korea's broader efforts to lower investment barriers for foreign investors.
Source
domesticRegional