S. Korea's Won Internationalisation Roadmap Supports KRW Recovery – DBS

DBS Group Research economist Ma Tieying commented that South Korea's newly unveiled roadmap for internationalising the South Korean won (KRW) is a positive factor for the currency's recovery.

The roadmap was jointly announced by the Ministry of Finance and Economy, the Bank of Korea, and financial regulatory authorities. No specific details of the plan were provided in the post, but the analyst views the initiative as supportive for the won.

The assessment comes amid broader efforts by Seoul to boost the won's global usage and reduce dependency on the US dollar.