After the Korean won began 24-hour uninterrupted foreign exchange trading two weeks ago, the single-day trading volume of the won rose markedly. The driving force behind it was that foreign investors continued to sell shares of local Korean chip companies. According to data from the Seoul Money Brokerage Company and the Korea Money Brokerage Company, the average daily trading volume of spot foreign exchange between the US dollar and the Korean won was about 18.6 billion US dollars. This figure is about 16% higher than the average daily scale in the 30 days before the all-weather deal was executed on July 6. The statistics do not distinguish between day and night trading, and do not include July 17, when the Korean market was closed. The South Korean government previously anticipated that round-the-clock trading would boost the trading volume of the Korean won, and this data confirms this judgment; expanding the foreign exchange trading period is a key step for South Korea to obtain MSCN's developed market rating. The new trading hours have broken the strict foreign exchange controls that have continued for decades, but it has also raised market concerns: nighttime liquidity is relatively weak, or exchange rate fluctuations may increase. The won weakened for a while in early July and fell to its lowest level since 2009, further amplifying related concerns. Wee Khoon Chong, Asia Pacific senior market strategist at the Bank of New York, said that the two core indicators for measuring the success of the 24-hour foreign exchange trading mechanism are whether the trading volume can continue to increase after the market and whether the trading price spread can be narrowed. South Korea extended the Korean won foreign exchange transaction time from 17 hours a day to 24 hours a day. This move aims to make it easier for overseas investors to trade Korean won. However, investors still need to issue transaction instructions through banks in mainland Korea; however, orders can now be processed at any time throughout the day.

After the Korean won began 24-hour uninterrupted foreign exchange trading two weeks ago, the single-day trading volume of the won rose markedly. The driving force behind it was that foreign investors continued to sell shares of local Korean chip companies. According to data from the Seoul Money Brokerage Company and the Korea Money Brokerage Company, the average daily trading volume of spot foreign exchange between the US dollar and the Korean won was about 18.6 billion US dollars. This figure is about 16% higher than the average daily scale in the 30 days before the all-weather deal was executed on July 6. The statistics do not distinguish between day and night trading, and do not include July 17, when the Korean market was closed. The South Korean government previously anticipated that round-the-clock trading would boost the trading volume of the Korean won, and this data confirms this judgment; expanding the foreign exchange trading period is a key step for South Korea to obtain MSCN's developed market rating. The new trading hours have broken the strict foreign exchange controls that have continued for decades, but it has also raised market concerns: nighttime liquidity is relatively weak, or exchange rate fluctuations may increase. The won weakened for a while in early July and fell to its lowest level since 2009, further amplifying related concerns. Wee Khoon Chong, Asia Pacific senior market strategist at the Bank of New York, said that the two core indicators for measuring the success of the 24-hour foreign exchange trading mechanism are whether the trading volume can continue to increase after the market and whether the trading price spread can be narrowed. South Korea extended the Korean won foreign exchange transaction time from 17 hours a day to 24 hours a day. This move aims to make it easier for overseas investors to trade Korean won. However, investors still need to issue transaction instructions through banks in mainland Korea; however, orders can now be processed at any time throughout the day.