ON
← Back to feed
What to know about Korea's near-24-hour won market
KR🏛️ Politics6 hr. ago

What to know about Korea's near-24-hour won market

South Korea is implementing near-24-hour trading for the dollar-won currency market starting Monday, aiming to enhance foreign investor access and reduce dependence on offshore pricing mechanisms. This change comes after previous efforts to extend trading hours and allow foreign financial institutions direct participation in the onshore market. While the reform seeks to improve liquidity and align with international standards, concerns remain about the market's ability to handle overnight volatility and absorb global shocks. The new schedule includes trading from 6 a.m. to 6 a.m. (Korea time) during New York daylight saving time, with adjustments made outside this period. However, trading for currencies other than the U.S. dollar remains limited to standard business hours.

How each side covered it

The same event, grouped by the political lean of the outlets covering it.

How each side covered it

Support independent, bias-aware news and unlock the social pulse, community voting, and your personalized For You feed.

Become a Supporter

Covered around the world

The same event as reported in other countries.

Covered around the world

Support independent, bias-aware news and unlock the social pulse, community voting, and your personalized For You feed.

Become a Supporter

Claims check

Key factual claims, and how many sources assert vs dispute each.

Claims check

Support independent, bias-aware news and unlock the social pulse, community voting, and your personalized For You feed.

Become a Supporter

1 reports

The Korea Herald logoThe Korea HeraldIndependentCenterFactual 85Objective 906 hr. ago
What to know about Korea's near-24-hour won market

South Korea is implementing near-24-hour trading for the dollar-won currency market starting Monday, aiming to enhance foreign investor access and reduce dependence on offshore pricing mechanisms. This change comes after previous efforts to extend trading hours and allow foreign financial institutions direct participation in the onshore market. While the reform seeks to improve liquidity and align with international standards, concerns remain about the market's ability to handle overnight volatility and absorb global shocks. The new schedule includes trading from 6 a.m. to 6 a.m. (Korea time) during New York daylight saving time, with adjustments made outside this period. However, trading for currencies other than the U.S. dollar remains limited to standard business hours.

Bias read (Center): The article provides a balanced overview of the policy change, discussing both the goals of the reform and the challenges it faces. It does not exhibit strong ideological framing, loaded language, or one-sided sourcing. The content focuses on economic policy and technical aspects of currency trading

Why these scores (Factual 85 · Objective 90): The article provides detailed and specific information about the new trading hours, exceptions, and reasons for the change. The facts align with the cross-source consensus. The tone remains neutral and informative, avoiding bias or emotional language.

Keep the news honest.

ObjectiveNews is reader-funded and ad-free — we show you the bias instead of hiding it. Support independent journalism for €5/month.

Become a Supporter

Related stories