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South Korea Pledges to Improve Won Accessibility, Aims for Freely Convertible Currency Status

2026-07-19 20:25:01

According to the Financial Services Commission, South Korea's Finance Ministry pledged on July 20 to improve won accessibility with the goal of making it a freely convertible currency. The ministry released a roadmap for won internationalization, which aims to create an environment enabling foreigners to obtain and use the currency abroad without obstacles. Key measures include establishing an offshore won trading and settlement system and removing regulatory barriers.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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