South Korea is actively working to enhance the accessibility of its currency, the won, for foreign investors through discussions with Euroclear, a prominent securities settlement house, as stated by an FX official. This initiative, led by a senior South Korean currency market official, aims to facilitate better access to the won and attract more capital inflows. In parallel, over 20 foreign institutions have applied to trade USD/KRW onshore using the local interbank system, indicating a growing interest in South Korea's financial markets. Additionally, measures are being implemented to allow foreign investors to access a broader range of banks for more competitive won quotes in their stock and bond transactions.
South Korea will allow foreign investors to tap a wider pool of banks for the best won quotes to be used in their stocks and bond transactions to lure inflows https://t.co/WiCJUt7mur
South Korea will allow foreign investors to tap a wider pool of banks for the best won quotes to be used in their stocks and bond transactions to lure inflows https://t.co/VtogLDw0S0
South Korea seeks Gulf business boom with new advantages over rivals China, Japan, @Sam_Wendel reports https://t.co/e8kx0U87WG
A senior South Korean official in charge of currency markets said his team was in talks with securities settlement house Euroclear, aiming to boost foreign investors' access to the won currency and eventually attract more capital inflows https://t.co/k4nAVR2CjL
A senior South Korean official in charge of currency markets said his team was in talks with securities settlement house Euroclear, aiming to boost foreign investors' access to the won currency and eventually attract more capital inflows. More here: https://t.co/XBPTSXZReU
⚠️ SOUTH KOREA IN TALKS WITH EUROCLEAR TO BOOST WON ACCESSIBILITY, FX OFFICIAL SAYS (Reuters) A senior South Korean official in charge of currency markets said on Tuesday his team was in talks with securities settlement house Euroclear, aiming to boost foreign investors' access… https://t.co/ZNGGOVufD2
🔴 SOUTH KOREA FX OFFICIAL REPORTS OVER 20 FOREIGN INSTITUTIONS APPLY TO TRADE USD/KRW ONSHORE USING LOCAL INTERBANK SYSTEM