South Korea to Launch 24-Hour Foreign Exchange Trading Starting July

Deep News01-09

South Korea's Ministry of Economy and Finance announced on Friday that the country plans to operate its foreign exchange market around the clock beginning in July.

The initiative to allow 24-hour trading of the Korean won starting in the second half of the year has been included in the ministry's 2026 growth strategy report, which also outlines various measures aimed at improving and upgrading the nation's financial system.

Currently, the country's foreign exchange market operates for 17 hours each business day, from 9 a.m. to 2 a.m. the following day local time.

South Korea's limited foreign exchange trading hours have been one of the obstacles in its efforts to persuade global index provider MSCI Inc to upgrade its market classification.

South Korea has recently eased regulations to provide greater convenience for foreign financial institutions and investors entering its currency market, as part of its push to be upgraded by MSCI Inc to developed market status.

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