Currencies
Won Liquidity Rises as Longer Market Hours Woo Global Traders
A woman looks out city skyline from the observation deck at dusk in Seoul, South Korea.
Photographer: Bloomberg
South Korea’s efforts to globalize its currency are gaining traction, with won trading expanding a year after the nation extended onshore market hours.
The average daily volume of dollar-won trading during the lengthened hours — from 3:30 p.m. to 2:00 a.m. Seoul time — climbed to $4.1 billion in the first 20 days of June, according to data compiled by Bloomberg. That’s up from about $2 billion in July 2024, when the new session was introduced.