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South Korea Officially Launches 24-Hour Trading Mechanism for the KRW Spot Foreign Exchange Market

2026-07-06 00:41

Odaily Odaily报道,South Korea officially launched the 24-hour trading mechanism for the onshore spot USD/KRW market on Monday, aiming to enhance the convertibility of the Korean won and secure developed market status in the MSCI Global Index. Under the new mechanism, the onshore spot foreign exchange market will open at 6:00 AM every Monday and trade continuously until 6:00 AM on Saturday, achieving 120 consecutive hours of trading per week. South Korean Finance Minister Choi Sang-mok stated that this move will serve as an "important starting point for the won's globalization." (Reuters)

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