Korea allows trading" Won " And foreign currencies around the clock
SEOUL, July 6, 2017 (WAM) – Today, the Republic of Korea officially activated the 24-hour trading system for the Korean won and foreign currencies, in line with the government’s efforts to enhance the competitiveness of the Korean financial market. The market will continue without interruption, and will only be closed on weekends and the first day of each year.
Korean Finance Minister Ko Yeon-Cheol confirmed today that his country will continue its efforts to improve foreign investors’ access to the country’s financial market, with the expansion of foreign currency trading hours around the clock.
The Minister of Finance said that the opening of the 24-hour system will serve as a starting point for the Korean won to take another step forward, as local and foreign investors, as well as trading companies, can trade foreign currencies without being restricted by working hours.
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