To boost the Korean won, South Korea plans to expand the scope of foreign investment in trading and collateral for Korean government bonds

Mars Finance news: On July 19, the South Korean Ministry of Finance said on Sunday that it plans to allow foreign financial institutions to borrow won through a temporary overdraft mechanism, and to use won-denominated bonds in financial transactions as collateral. These measures are part of incentive policies introduced to encourage the use of the won, with the aim of transforming the won from a restricted domestic currency into a more globally used currency. Since July 6, South Korea has extended trading hours in the USD/KRW market to a 24-hour trading system, marking the opening up of South Korea’s long-closed currency. (Jin Ten)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned