
South Korea's 24-Hour FX Trading: A Step Towards Modernization, Not a Panacea
South Korea introduces 24-hour weekday FX trading to modernize its financial system and align with international standards. While this reform aims to reduce offshore NDF dominance and improve risk management, it does not inherently stabilize the won, which faces pressure from foreign outflows and US interest rates. Concerns remain about increased volatility during low-liquidity hours and the impact on SMEs.
