South Korea's Ministry of Economy and Finance unveils won internationalization roadmap to make the currency freely tradable offshore

South Korea's Ministry of Economy and Finance announced the government's Roadmap for Korean won internationalization, setting out a vision to turn the won into a currency that can be traded freely outside South Korea. The core objective is to shift the won from a regulated currency toward a freely convertible one, in line with the country's economic standing. The roadmap centers on building the infrastructure and institutional framework needed for won trading without time or location constraints. It is intended to increase the use of the won materially and support smoother liquidity provision, while also taking a balanced approach to risk management as the currency's internationalization advances.