South Korea Initiates 24/7 Won Settlement Pilot for Foreign Traders

WHO:

Cointelegraph - The Bank of Korea is the organization launching the new network for foreign investors.

WHAT:

Cointelegraph - The Bank of Korea’s new network will allow foreign investors to settle won transactions during business hours in their home countries.

Bloomberg Markets - South Korea’s central bank has begun testing a system for round-the-clock won payments.

WHERE:

Bloomberg Markets - The initiative is taking place in South Korea.

WHEN:

Bloomberg Markets - The greater foreign access to local markets is set to be implemented next year.

WHY:

Bloomberg Markets - The trial run aims to lay the groundwork for increased foreign access to South Korean markets.

HOW:

Cointelegraph - The new network will facilitate won transactions for foreign investors.

(UPDATED September 21, 2026 08:03 UTC)

The Bank of Korea is launching a new network aimed at allowing foreign investors to settle won transactions during business hours in their home countries. This initiative, taking place in South Korea, is currently in the testing phase and is designed to enhance foreign access to local markets, with implementation expected next year. The new system will facilitate round-the-clock won payments, laying the groundwork for increased participation from international investors.