South Korea will launch a 24-hour foreign exchange market and relax restrictions on Korean won trading.

According to the Wise Financial APP, the South Korean Ministry of Finance stated that South Korea is currently working on extending the foreign exchange market to 24-hour trading and relaxing restrictions on the trading of Korean won among non-residents. Senior official of the South Korean Ministry of Finance, Kim Jae-hwan, said: "The opening of the foreign exchange market will be implemented at some point next year. This measure reflects the government's commitment to expanding access to the Korean won market so that foreign investors will not face substantial differences when investing in the Korean market compared to investing in other developed economies."