{
  "id": 7667050,
  "title": "Korea offers guidelines for RFI-K under won's internationalization vision",
  "url": "https://urgent.news/2026/09/16/korea-offers-guidelines-for-rfi-k-under-wons-internationalization",
  "topic": "world",
  "section": "World",
  "published": "2026-09-16T00:42:04.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/economy/20260916/korea-offers-guidelines-for-rfi-k-under-wons-internationalization-vision"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Korea Times reports that the Ministry of Finance and Economy in South Korea has revised guidelines for registered foreign institutions (RFIs) as part of its efforts to internationalize the won currency. The revisions, which followed a public comment period and regulatory review, allow RFIs to open omnibus accounts at domestic foreign exchange banks and settle won transactions through the Bank of Korea Won International Wire Network. This enables offshore won settlement without time or location constraints. To conduct offshore won business, registered foreign institutions must separately register with the finance ministry as a Registered Foreign Institution for KRW Business (RFI-K), allowing them to serve clients not residing in Korea by opening won-denominated accounts.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "S. Korea offers guidelines for RFI-K under won's internationalization vision",
        "url": "https://urgent.news/2026/09/16/s-korea-offers-guidelines-for-rfi-k-under-wons-internationalization",
        "published": "2026-09-16T00:00:32.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Korea offers guidelines for RFI-K under won's internationalization vision",
        "url": "https://urgent.news/2026/09/16/korea-offers-guidelines-for-rfi-k-under-wons-internationalization-7668880",
        "published": "2026-09-16T00:52:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}