Finance Minister Koo Yun-cheol, center, poses with Hana Financial Group Chairman Ham Young-joo, fourth from left, and Hana Bank CEO Lee Ho-sung, right, in the dealing room of Hana Bank's headquarters in Seoul, Monday. Courtesy of Hana Bank
Hana Bank began providing round-the-clock trading services, Monday, as Korea’s won-dollar foreign exchange market entered the first full day of its 24-hour operation.
The change abolishes the previous trading window of 9 a.m. to 2 a.m. the following day, allowing global investors and other market participants to trade the won against the U.S. dollar at Seoul market rates regardless of the time of day.
To mark the launch, Finance Minister Koo Yun-cheol visited Hana Bank’s dealing room in Seoul, where he observed the extended trading session alongside Hana Financial Group Chairman Ham Young-joo and Hana Bank CEO Lee Ho-sung.
The delegation also held a video call with the bank’s London branch, a registered foreign institution participating in Korea’s onshore FX market, to monitor market activity during European trading hours.
