South Korea's foreign exchange market 24-hour trading launched nearly a month, with daily spot trading volume increasing by more than 10%

(1) The South Korean Ministry of Finance stated on Friday that since the launch of the round-the-clock foreign exchange trading system on July 6, the daily average spot trading volume in the foreign exchange market has increased by 10.1% compared to the first half of the year, reaching $19.14 billion (the first half of the year was $17.39 billion). (2) The system has been operating smoothly with no incidents, and the KRW/USD exchange rate has remained stable compared to major currencies. (3) However, participants noted that since the system is in its initial phase and there is a time difference with overseas markets, trading volume growth during late-night hours has been relatively moderate.