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South Korea launches 24-hour won trading to boost global market access

South Korea has initiated 24-hour trading for its currency, the won, marking a significant step in its efforts to enhance foreign access to its financial markets. This move aims to align the won's trading accessibility with that of other advanced global markets. Finance Minister Koo Yun-cheol expressed optimism, calling it the "starting point for the won’s global leap." AI

RANK_REASON Significant financial market infrastructure change for a major economy. [lever_c_demoted from significant: ic=1 ai=0.1]

Read on SCMP — Tech →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

South Korea launches 24-hour won trading to boost global market access

COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Bloomberg,The Korea Times ·

    South Korean won holds steady as historic 24-hour trading begins

    The South Korean won was stable against the dollar after inching higher as the currency began its first day of 24-hour trading, marking a milestone in Seoul’s push to open its financial markets to global investors. The won eased 0.1 per cent to 1,531.40 against the US dollar, aft…