# South Korea allows foreign banks to trade in onshore FX market more freely | Reuters

> South Korea is allowing foreign banks to obtain dollar-won quotes from a wider pool of banks in the onshore market. The change aims to improve market access for foreign investors.

- Date: 2024-05-16 · published 2024-05-16T12:00:00.000Z
- Category: policy · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/30502-south-korea-allows-foreign-banks-to-trade-in-onshore-fx-market-more-freely
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Improved FX market access is a market-structure change with little direct effect on feed commodity prices or import costs.

## Sources

- reuters.com: https://www.reuters.com/business/finance/south-korea-allows-foreign-banks-trade-onshore-fx-market-more-freely-2024-05-16/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.