South Korea
Odaily
Bank of Korea Launches 24-Hour Won Settlement Pilot
- The Bank of Korea began a pilot for 24-hour, real-time won settlement, extending beyond standard banking-hour cutoffs.
- The pilot is intended to address settlement needs arising from digital-asset trading and cross-border transactions that occur outside normal hours.
- The move is viewed as part of Korea's broader effort to modernize its won payment infrastructure in response to blockchain and stablecoin trends.