The initiative is designed to increase foreign access to South Korean financial markets by removing time zone barriers for currency exchange. By establishing a 24 hour settlement window, the Bank of Korea aims to provide international investors with continuous transaction capabilities ahead of the full operational target in January 2027.
Wednesday, October 21, 2026
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Bank of Korea Launches 24 Hour Won Settlement Pilot With 4 Domestic Banks
Global Markets29 days ago
South Korea’s central bank started a trial for offshore currency transactions to facilitate round the clock payment settlement for international investors. The pilot program involves four domestic banks and creates a framework for continuous won processing outside of standard business hours. Full operations for the system are scheduled for January 2027.
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