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KRW internationalisation plan targets offshore market, 24-hour trading

DBS expects KRW to recover moderately in 2H26, helped by narrowing USD/KRW differentials and a wider trade surplus.

Reported · Written up by our desk · Central Banks

South Korea has unveiled a KRW internationalisation roadmap, and DBS Group Research economist Ma Tieying said the plan is designed to strengthen the won through market and regulatory changes.

The initiative includes setting up an offshore won market, introducing 24-hour trading infrastructure, and easing regulation. Tieying linked these structural reforms to the expectation that USD/KRW rate differentials could narrow over time.

FXStreet also cited other factors that could support the currency, including KRW dynamics tied to the KOSPI and expectations of a widening South Korea trade surplus.

DBS said it expects a moderate won recovery in 2H26 and beyond as these changes take effect.

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