Bank of Korea launches 24-hour won settlement pilot for foreigners
The Bank of Korea started trial operations of its first 24-hour won settlement network, designed to let foreign investors settle won transactions outside South Korea’s normal banking hours.
The Bank of Korea launched a pilot of its first 24-hour won settlement network, aiming to let foreign investors settle won transactions outside South Korea’s normal banking hours. On Monday, the central bank said its international wire network began trial operations with four domestic…