dailypro2020

On July 6, 2026, Seoul's foreign exchange market will operate around the clock for the first time in Korean history. The Seoul FX Market Operations Council voted unanimously to extend trading hours from the current 9 AM to 2 AM schedule to a continuous Monday 6 AM through Saturday 6 AM operation — including most public holidays and weekends. This is the most radical reform of Korea's financial infrastructure since the 1997 Asian Financial Crisis, and it arrives at a moment when USD/KRW is holding stubbornly above 1,500 for 11 consecutive trading sessions. I think this timing is no coincidence. The won at a 29-year low and the reform to deepen FX liquidity are two sides of the same strategic coin: Korea is modernizing its financial infrastructure because the old system is failing to support the currency in a world of 24-hour global trading. The End of the NDF 'Wag the Dog' Era The most consequential change from 24-hour trading is the institutional integration of o...

On July 6, 2026, Seoul's foreign exchange market will operate around the clock for the first time in Korean history. The Seoul FX Market Operations Council voted unanimously to extend trading hours from the current 9 AM to 2 AM schedule to a continuous Monday 6 AM through Saturday 6 AM operation — including most public holidays and weekends. This is the most radical reform of Korea's financial infrastructure since the 1997 Asian Financial Crisis, and it arrives at a moment when USD/KRW is holding stubbornly above 1,500 for 11 consecutive trading sessions. I think this timing is no coincidence. The won at a 29-year low and the reform to deepen FX liquidity are two sides of the same strategic coin: Korea is modernizing its financial infrastructure because the old system is failing to support the currency in a world of 24-hour global trading. The End of the NDF 'Wag the Dog' Era The most consequential change from 24-hour trading is the institutional integration of o...