# South Korea to allow foreign financial firms to trade won onshore

> South Korea will let qualifying foreign companies trade the won onshore, which is currently limited to local banks and about six and a half hours a day. The change is aimed at broadening access to the won market.

- Date: 2023-09-26 · published 2023-09-26T12:00:00.000Z
- Category: policy · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/34361-south-korea-to-allow-foreign-financial-firms-to-trade-won-onshore
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

This is a currency market structure change with little direct effect on feed commodity prices, though it may modestly ease won hedging and funding costs for Korean feed importers over time.

## Read by commodity

- USDKRW: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/south-korea-allow-foreign-financial-firms-trade-won-onshore-2023-09-26/

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