# South Korea says new FX steps will boost won's status, business for firms

> South Korea unveiled new foreign exchange measures that more than double won trading hours until past midnight and allow qualified global financial firms to trade the currency directly through two onshore brokerage houses. The government says the steps will raise the won's status and benefit businesses.

- Date: 2023-02-09 · published 2023-02-09T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/37547-south-korea-says-new-fx-steps-will-boost-won-s-status-business-for-firms
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Market-structure changes affect currency liquidity rather than feed supply or demand, so the direct impact on feed commodity prices is minimal.

## Sources

- reuters.com: https://www.reuters.com/markets/asia/south-korea-fx-steps-boost-global-status-business-firms-vice-fin-min-2023-02-09/

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