24-Hour FX Market Launch... Ham Young-joo: "Expecting Active Won Investments, Will Play a Pivotal Role"

Deputy Prime Minister Koo Yoon-cheol Visits Hana Bank Dealing Room

Ham Young-joo, Chairman of Hana Financial Group, marked the first day of 24-hour operations in Korea's foreign exchange market on July 6 by stating, "We expect to see even more active investments in won-denominated assets such as Korean government bonds and stocks by global investors." He added, "Based on our global network and sales capabilities, we will play a pivotal role in advancing the domestic foreign exchange market."

Ham Young-joo, Chairman of Hana Financial Group (fourth from left), is taking a commemorative photo on the morning of the 6th with (from left) Moon Ji-sung, Director General for International Economic Affairs at the Ministry of Strategy and Finance, Kwon Min-soo, Deputy Governor of the Bank of Korea, Koo Yoon-chul, Deputy Prime Minister for Economy, and Lee Ho-sung, President of Hana Bank, at Hana Bank’s dealing room “Hana Infinity Seoul” in Jung-gu, Seoul. Provided by Hana Financial Group

Chairman Ham made these remarks after welcoming Koo Yoon-cheol, Deputy Prime Minister for Economy and Minister of Strategy and Finance, and Kwon Min-su, Deputy Governor of the Bank of Korea, to the Hana Bank foreign exchange dealing room 'Hana Infinity Seoul' in Jung-gu, Seoul, on the morning of the 6th. Chairman Ham, Deputy Prime Minister Koo, and other attendees monitored the status of extended foreign exchange trading hours in real time. They also held a video conference with representatives from Hana Bank's London branch, which is registered as a domestic RFI (licensed foreign financial institution based overseas), and with officials from Samsung Electronics, Korea's largest export company, to exchange views.

Hana Bank ranked first not only in total transaction volume but also in specific categories such as spot foreign exchange and FX swaps, according to the foreign exchange transaction volume league table announced last July by the Seoul Foreign Exchange Market Steering Committee.

A representative from Hana Bank stated, "In line with the opening of the 24-hour foreign exchange market, we have proactively established and are implementing a 24-hour work response system." The representative further added, "Ahead of the government's introduction of an offshore won settlement system to improve global investors' access to the won market, we are also taking a leading role in public-private communication."

This content was produced with the assistance of AI translation services.