The South Korean Ministry of Finance plans to allow foreign financial institutions to borrow Korean won through temporary overdrafts and to use won-denominated bonds as collateral in financial transactions. These measures are part of an incentive policy aimed at encouraging the use of the won, transforming it from a restricted domestic currency into a more globally recognized currency. Since July 6, South Korea has extended the trading hours for the USD/KRW market to a 24-hour trading system, marking a shift towards the opening of its long-closed currency.
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.





























