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2026-09-21 13:32:11
[Bank of Korea Launches 24-Hour Offshore Won Settlement Network for Pilot Operation, Fully Launched in January] (1) The Bank of Korea announced on Monday that it has launched a pilot project for a 24-hour offshore won settlement network, part of South Korea’s efforts to lower barriers to entry for foreign investors. (2) The system, named the “Bank of Korea Won International Wire Transfer Network,” is scheduled to be fully operational in January next year; overseas banks will join the network after its official launch.
