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Bank of Korea Expands Foreign Exchange Trading Team to Support 24-Hour Won Trading
Svmuu News: Major South Korean banks are expanding their foreign exchange trading teams and strengthening their presence in Seoul and London in preparation for the upcoming launch of the near-24-hour won foreign exchange market. Woori Bank has assigned eight additional staff members to its London office, covering positions in foreign exchange, derivatives, and bond trading. Hana Bank has added traders in Seoul and implemented a three-shift rotation system to ensure round-the-clock coverage. Shinhan Bank and KB Kookmin Bank are also expanding their staff and upgrading their systems. The won’s near-24-hour foreign exchange trading system is set to launch on July 6.
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