South Korea said it will allow 24-hour trading of its currency next year, the latest step in expanding international investors’ access to its markets and vying for a place in a major global stock index.
The Asian country will also ease restrictions on won trading between non-residents, its finance ministry said in a statement. The announcement came after President Lee Jae Myung outlined his vision for Korea’s capital markets at an event in New York Thursday, where he pledged efforts “to ensure that foreign investors can benefit from the ‘Korea premium’.”
Lee stressed various measures to boost market transparency, improve ...