PANews
PANews|Jul 19, 2026 03:20
[To Boost the Korean Won, South Korea Plans to Expand Foreign Investment in Korean Bonds and Collateral Scope] According to a report by Jin10, South Korea's Ministry of Finance stated on Sunday that it plans to allow foreign financial institutions to borrow Korean won through temporary overdraft methods and permit the use of Korean won-denominated bonds as collateral in financial transactions. These measures are part of incentive policies introduced to encourage the use of the Korean won, aiming to transform it from a restricted domestic currency into a more globally recognized currency. Since July 6, South Korea has extended the trading hours of the USD/KRW market to a 24-hour trading system, marking a step toward opening up the country's long-restricted currency.
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