- South Korea’s forex market to extend trading hours from 6.5 to 17 hours per day.
- Deregulation aims to attract foreign investment and align the market with global trading hours.
South Korea is set to revolutionize its foreign exchange (FX) market by extending trading hours for the Korean won from 6.5 to 17 hours per day.
This groundbreaking change, expected to take effect in July, aims to attract more foreign investment and align the market with global trading hours.
The move comes as part of a broader deregulation effort to open up the South Korean financial market to international players.
With the extended hours, won trading will be accessible until 5 PM in London and 12 PM in New York, making it more convenient for foreign investors to participate.
This initiative follows previous steps taken last year to increase foreign investment in the local market. The country has conducted extensive testing involving 27 institutions to ensure a smooth transition to the new trading hours.
