[South Korea Officially Launches 24-Hour Trading Mechanism for KRW Spot Forex Market] Odaily Planet Daily News – South Korea officially launched a 24-hour trading mechanism for the domestic USD/KRW spot forex market on Monday to enhance the convertibility of the Korean won and aim for developed market status in the MSCI Global Index. Under the new mechanism, the domestic spot forex market in South Korea will open at 6:00 a.m. every Monday and continue trading until 6:00 a.m. Saturday, achieving 120 hours of continuous trading per week. South Korean Finance Minister Choo Kyung-ho stated that this move will serve as 'an important starting point for the globalization of the Korean won.' (Reuters)