# South Korea to allow foreign firms trade USD/KRW onshore, extend trading hours from July

> South Korea's foreign exchange authority said it will open its dollar-won market to foreign financial institutions under a pilot program starting in January. Onshore trading hours will also be extended to 2 a.m. from July. Rules will be adopted to keep pricing consistent during the reform.

- Date: 2023-11-08 · published 2023-11-08T12:00:00.000Z
- Category: policy · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/33416-south-korea-to-allow-foreign-firms-trade-usd-krw-onshore-extend-trading-hours
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

The reform is a currency-market structure change with little direct effect on feed or grain prices. It may modestly affect won liquidity and volatility over time.

## Sources

- reuters.com: https://www.reuters.com/markets/asia/south-korea-allow-foreign-firms-trade-usdkrw-onshore-extend-trading-hours-july-2023-11-08/

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