The biggest gamble in South Korea's financial history is about to begin! Starting July 6, the Korean Won will officially enter 24/7 trading for the first time in history. The Won's exchange rate is currently at a 17-year low—absolutely brutal. Previously, South Korea's forex market had firewalls and time restrictions during nighttime. Now, the gates are wide open, essentially handing global 24/7 short-sellers a hunting knife at the currency's weakest moment. The forex market is most vulnerable to targeted attacks by speculative capital during late-night liquidity droughts. 1997 Disaster: International hedge funds exploited gaps to aggressively short the Won, causing a currency collapse. The country nearly went bankrupt and was forced to sign a humiliating agreement with the IMF. 2024 Turmoil: Amid a strong dollar cycle, the Won plummeted, capital outflows accelerated, and regulators began planning forex structural reforms. 2026 Revolution: On July 6, the Won will completely remove time restrictions. In a bid to join the MSCI Developed Markets Index, South Korea is voluntarily dropping its defenses, throwing its currency into the global capital market's sleepless hunting ground.