South Korea has started implementing a round-the-clock Korean won trading system. This move reflects the government’s confidence in the strength of the national economy.
The decision aims to enhance the attractiveness of South Korea’s financial market to domestic and foreign investors.
South Korea’s Finance Minister Ko Eun-cheol said the government would continue to implement reforms. These reforms would facilitate foreign investors’ access to financial markets.
This is in line with global developments in the financial sector.
The new system allows for continuous foreign currency trading from 6 a.m. on Monday to 6 a.m. on Saturday.
Trading will only be suspended during the weekend and the first day of each year.
This system represents an evolution of the procedures that began in July of the year two thousand and twenty-four.
This is when trading hours were extended from 9 a.m. to 2 a.m. the next day. Previously, trading closed at 3:30 p.m.
The finance minister noted that the move reflects the strength of the Korean economy.
Supported by the sound of the external financial position and the achievement of a record current account surplus. In addition, there is high interest of international investors in the Korean market.
He also pointed out that South Korea’s inclusion in the global government bond index boosted investor confidence. This contributed to increasing demand for Korean assets.
This is to ensure financial stability and efficient trading operations.
Observers see the round-the-clock trading of the Korean won as a strategic move to boost South Korea’s competitiveness.
It gives investors greater flexibility in executing deals, cementing the country’s position as one of Asia’s leading financial hubs.
