{
  "id": 8846099,
  "title": "BOK launches pilot program for 24-hour offshore won settlement",
  "url": "https://urgent.news/2026/09/21/bok-launches-pilot-program-for-24-hour-offshore-won-settlement",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T05:00:03.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20260921005200320"
  },
  "original_language": "en",
  "account": "The Bank of Korea (BOK) has initiated a pilot program for a 24-hour offshore won settlement network, aimed at reducing barriers for foreign investors in South Korea. Dubbed the BOK Won International Wire Network, the system commenced trial operations at 9 a.m. on September 21 in collaboration with four local banks: Kookmin Bank, Woori Bank, Hana Bank, and Shinhan Bank. The BOK has planned a full rollout for January, with participation from overseas banks expected following its official launch. The network will be operational from 9 a.m. each business day until 9 a.m. the following day, excluding weekends and public holidays. This round-the-clock service will allow offshore investors to freely trade Korean won with other foreign investors using accounts at Registered Foreign Institutions for KRW Business (RFI-K) in their respective countries. The BOK anticipates that this initiative will enhance foreign access to won settlement infrastructure, thereby boosting the currency's global standing.",
  "summary": "SEOUL, Sept. 21 (Yonhap) -- The Bank of Korea (BOK) said Monday it has launched ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "BOK launches pilot program for 24-hour offshore won settlement",
        "url": "https://urgent.news/2026/09/21/bok-launches-pilot-program-for-24-hour-offshore-won-settlement-8852635",
        "published": "2026-09-21T05:52:03.000Z"
      }
    ]
  },
  "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."
}