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South Korea to expand use of won-denominated bonds for foreign investors
South Korea has announced plans to enhance global acceptance of its currency by allowing foreign financial institutions to borrow won. Additionally, these institutions will be permitted to utilize won-denominated bonds as collateral. Furthermore, the dollar-won market trading hours have been expanded to twenty-four hours, seeking to integrate South Koreas currency into the wider international markets.
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economictimes.indiatimes.com
South Korea to expand use of won-denominated bonds for foreign investors
South Korea has announced plans to enhance global acceptance of its currency by allowing foreign financial institutions to borrow won. Additionally, these institutions will be…
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koreatimes.co.kr
Foreign investors to use won overseas without accounts at Korean banks - The Korea Times
Korea will establish an offshore won settlement system and ease foreign-exchange regulations under a road map to internationalize the Korean won, o...