South Korea Plans Won Borrowing Measures to Promote Wider Currency Use
2026-07-19 03:57:29
South Korea plans to let foreign financial institutions borrow Korean Won through temporary overdrafts and use Korean Won-denominated bonds as collateral. According to NS3.AI, the measures are designed to encourage broader use of the Korean Won. South Korea also extended Dollar/Korean Won market trading to a 24-hour system starting July 6.
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