South Korea to Implement 24/7 FX Trading in Push for MSCI Developed Market Status

South Korea will launch round-the-clock foreign exchange trading in July, a strategic MOVE to bolster its case for MSCI developed-market classification. The extended hours mark a significant liberalization of a market previously restricted to 6.5 hours daily operation since the Asian financial crisis era.

The reforms include streamlined registration processes for market participants and new offshore won trading mechanisms. Vice Finance Minister Lee Hyoung-il framed the changes as part of broader won internationalization efforts, noting 'We're removing structural barriers that limited foreign participation in our currency markets.'

Economic forecasts accompanying the announcement project 2.0% GDP growth for 2026, with semiconductor exports—particularly AI-related shipments—driving expansion. The changes come as South Korean authorities seek to align their financial infrastructure with global standards while maintaining stability.