The Bank of Korea has kicked off a pilot project offering 24/7 settlements in the South Korean won for foreign investors. This new network lets overseas players settle won transactions during their own business hours, without being tied to Korea’s time zone.

What happened

The central bank has rolled out a new network, launching a 24-hour pilot for non-resident settlements in won. Now, foreign investors can settle won trades while their home markets are open, removing the old restriction of only transacting during Korean business hours.

What this means for the market

Moving to a round-the-clock system closes the timing gap for international players—now they can process and finalize won trades during their usual business hours, wherever they are. This makes it a lot easier to interact with the Korean market and gives investors across time zones more flexibility in handling settlements.