• Wed, January 1, 2025
  • Thu, January 2, 2025
  • Fri, January 3, 2025

South Korea to spur foreign inflows by easing rules on FX trading

South Korea will permit registered foreign financial institutions to engage in foreign exchange trading for current transactions, including export and import settlements, from mid-January, the finance ministry said on Thursday.
South Korea is set to implement measures to attract more foreign investment by easing rules on foreign exchange trading starting in 2025. The Financial Services Commission (FSC) announced that from January 2025, foreign investors will be allowed to trade forex derivatives without needing to register with the authorities, aiming to enhance market accessibility. Additionally, the trading hours for the onshore won will be extended to align with international markets, and the FSC will also remove the requirement for foreign financial institutions to report their foreign exchange transactions. These changes are part of a broader strategy to increase the global competitiveness of South Korea's financial markets, encourage foreign investment, and reduce the cost of trading for overseas investors.

Read the Full Reuters Article at:
https://www.reuters.com/markets/currencies/south-korea-spur-foreign-inflows-by-easing-rules-fx-trading-2025-01-02/

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