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 measures are part of incentives to encourage the use of the Korean won, to transform the won from a restricted local currency into a more global currency.
Starting on July 6, South Korea extended the trading hours of the dollar-won market to a 24-hour trading cycle as South Korea's long-cloistered currency opens up.
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