South Korea Plans to Launch 24-Hour Foreign Exchange Market, Fully Open Won Trading

　　The South Korean Ministry of Finance stated that the country is taking measures to transition its foreign exchange market to 24-hour operation and ease restrictions on won transactions between non-residents.

　　This announcement followed President Lee Jae-myung's outline of his vision for South Korea's capital markets at a global investor relations event in New York on Thursday. He pledged efforts to ensure foreign investors can benefit from the "Korea Premium" and emphasized multiple measures to enhance market transparency, improve corporate governance, and reduce geopolitical risks.

　　Lee mentioned that after extending trading hours to 2 a.m. Seoul time for about a year, the government is now preparing to move toward round-the-clock trading "in a very short time." The Ministry of Finance stated that a roadmap is expected to be released by the end of this year.