S. Korea to Start 24-Hour Won Trading in Globalization Push (1)

South Korea is moving to open its foreign-exchange market on a 24-hour basis and ease restrictions on won trading between non-residents, the Finance Ministry said.

The ministry statement came after President Lee Jae Myung outlined his vision for Korea’s capital markets at a global investor-relations event in New York on Thursday, pledging efforts “to ensure that foreign investors can benefit from the ‘Korea premium’.” He stressed various measures to boost market transparency, improve corporate governance and reduce geopolitical risks.

“The FX market opening is to be implemented sometime next year,” Kim Jae Hwan, director general of the Finance Ministry, ...