South Korea will start 24-hour trading in the foreign exchange market and relax non-residents' trading in the South Korean won.

The South Korean Ministry of Finance announced that it is working to extend foreign exchange market trading hours to 24 hours and will relax restrictions on the trading of Korean won between non-residents. Prior to this, South Korean President Lee Jae-myung outlined his vision for the South Korean capital market at a global investor relations event in New York on Thursday, promising to "ensure that overseas investors can share in the 'Korea premium'." He emphasized that market transparency will be improved, corporate governance will be enhanced, and geopolitical risks will be reduced through various measures. "The opening of the foreign exchange market is expected to be implemented at some point next year," said South Korean Finance Ministry official Kim Jae Hwan in a text message. "This move reflects the government's commitment to enhancing accessibility to the Korean won market, so that overseas investors will not feel any substantial differences when investing in Korea compared to other developed economies."