South Korea Unveils KRW Internationalisation Roadmap, Commerzbank Says

Commerzbank analysts Dr. Henry Hao and Moses Lim have noted that the South Korean government has announced a major roadmap for the internationalisation of the South Korean won (KRW). Key measures include allowing unlimited KRW transactions with foreign institutions starting January 2027 and expanding access to onshore markets.

The analysts view this as reform-driven support for the won, potentially boosting its global use and attractiveness. The roadmap signals a gradual liberalisation of South Korea's foreign exchange market, aligning with efforts to increase the won's role in international trade and finance.