# South Korea hopes currency reforms will move chunk of NDF trading to spot deliverables | Reuters

> South Korea's finance ministry official said currency reforms aim to shift part of won NDF trading to spot deliverable trades. He noted that buyers who just want won are forced into the NDF market because of current restrictions.

- Date: 2024-02-20 · published 2024-02-20T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/31901-south-korea-hopes-currency-reforms-will-move-chunk-of-ndf-trading-to-spot
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Currency market structure changes have little direct effect on feed grain or oilseed prices; the link is indirect through Korean import costs for feed.

## Read by commodity

- USDKRW: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/south-korea-talks-with-euroclear-boost-won-accessibility-fx-official-says-2024-02-20/

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