South Korea Launches 24-Hour USD/KRW Spot Trading to Boost Won Convertibility
2026-07-06 08:41

Woofun AI reports that South Korea has officially initiated a 24-hour trading mechanism for the domestic spot USD/KRW market. The new system enables continuous trading from Monday at 6:00 AM until Saturday at 6:00 AM, providing 120 consecutive hours of market access each week. Finance Minister Choi Sang-mok described the initiative as "an important starting point for the Korean won to move towards globalization," aiming to improve currency convertibility and support efforts to achieve developed market classification in the MSCI Global Index.

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USD
KRW
Choi Sang-mok
Odaily
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