To boost the Korean won, South Korea plans to expand the scope of foreign bond trading and collateral for the won

Odaily Planet Daily News The South Korean Ministry of Finance stated on Sunday that it plans to allow foreign financial institutions to borrow won through temporary overdrafts and allow them to use won-denominated bonds as collateral in financial transactions. These measures are part of incentive policies introduced to encourage the use of the won, aiming to transform the won from a restricted local currency into a more global one. Starting July 6, South Korea has extended the trading hours of the dollar/won market to a 24-hour trading system, marking the opening up of South Korea's long-closed currency. (Jinshi)