South Korea accelerates infrastructure reforms ahead of WGBI inclusion, extending BOK-Wire+ operating hours to 8 PM and transitioning to 24-hour forex trading by July, while shifting benchmark rates from CD to KOFR to enhance foreign investor accessibility and currency hedging capabilities in the government bond market.
#YonhapInfomax #WGBI #BankOfKorea #ForeignExchangeMarket #KOFR #CurrencyHedging #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=112182
[WGBI Imminent] Is System Ready to Welcome Foreign Investors?
South Korea accelerates infrastructure reforms ahead of WGBI inclusion, extending BOK-Wire+ operating hours to 8 PM and transitioning to 24-hour forex trading by July, while shifting benchmark rates from CD to KOFR to enhance foreign investor accessibility and currency hedging capabilities in the government bond market.
Bank of Korea Governor Rhee Chang-yong confirmed the July launch of a 24-hour FX market and the transition of won derivatives' benchmark from CD rate to KOFR, aiming to boost global investor access and support WGBI and MSCI index inclusion.
#YonhapInfomax #BankOfKorea #KOFR #24HourFXMarket #WGBI #CDRatePhaseOut #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=107009
Lee Chang-yong Says 'Preparing for 24-Hour FX Market System—Transition from CD Rate to KOFR Certain'
Bank of Korea Governor Lee Chang-yong confirmed plans to launch a 24-hour FX market by July and transition won derivatives from the CD rate to KOFR, aiming to boost global investor access and support South Korea's inclusion in major global bond and equity indices.
Bank of Korea Governor Rhee Chang-yong announced plans to remove the CD rate as a key benchmark and transition to KOFR by June, aiming to enhance transparency and stability in South Korea's financial markets.
#YonhapInfomax #BankOfKorea #KOFR #CDRate #RheeChangYong #FinancialReform #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=103049
Rhee Chang-yong - 'Final Plan to Remove CD Rate as Key Benchmark and Transition to KOFR to Be Announced by June'
Bank of Korea Governor Rhee Chang-yong announced plans to remove the CD rate as a key benchmark and transition to KOFR by June, aiming to enhance transparency and stability in South Korea's financial markets.
Lee Chang-yong Aims to Leave KOFR Adoption as Key Policy Legacy During Tenure
Bank of Korea Governor Lee Chang-yong highlights the introduction of KOFR as a benchmark rate, aiming to establish it as a significant legacy during his term.
Hwang Young-woong Returns as Head of Bank of Korea’s Money Market Team—Baek Bong-hyun Retained as FX Market Team Leader
Bank of Korea reinstates Hwang Young-woong as Money Market Team head, aiming to accelerate KOFR adoption; Baek Bong-hyun remains FX Market Team leader.
South Korea accelerates its transition from the Certificate of Deposit (CD) rate to the Korea Overnight Financing Repo Rate (KOFR) as the new short-term market benchmark, with regulators pushing for full adoption by 2026 and increased KOFR-based transactions in 2025.
#YonhapInfomax #KOFR #CertificateOfDeposit #FinancialServicesCommission #InterestRateSwap #BondMarket #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=97227
[2026 Bond Hot Issues-④] The Era of CDs Fades, KOFR Takes Center Stage
South Korea accelerates its transition from the Certificate of Deposit (CD) rate to the Korea Overnight Financing Repo Rate (KOFR) as the new short-term market benchmark, with regulators pushing for full adoption by 2026 and increased KOFR-based transactions in 2025.
The Bank of Korea will strengthen policy communication and implement institutional reforms, including a new offshore won settlement system and enhanced lending facilities, to address ongoing economic uncertainty and support financial stability.
#YonhapInfomax #BankOfKorea #MonetaryPolicy #KOFR #OffshoreWonSettlement #FinancialStability #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=97161
[Fading CDs, KOFR Alternatives] Calm Amid 'Market Shocks'—Delayed Reflections Distort Short-Term Market
South Korea’s CD rate, a key short-term market benchmark, is under scrutiny for lagging market shifts and distorting signals, prompting calls for alternatives like KOFR as volatility rises.
The Bank of Korea reported a 70-fold surge in KOFR-OIS trading, now accounting for 7% of all swaps, and stressed the urgent need to discontinue CD rate publication to accelerate the transition to KOFR as South Korea’s key reference rate.
#YonhapInfomax #BankOfKorea #KOFR #OIS #CDRate #InterestRateSwap #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=89152
Bank of Korea Says KOFR-OIS Trading Surges 70-Fold—Urgency Grows for CD Rate Discontinuation
The Bank of Korea reported a 70-fold surge in KOFR-OIS trading, now accounting for 7% of all swaps, and stressed the urgent need to discontinue CD rate publication to accelerate the transition to KOFR as South Korea’s key reference rate.
This week's schedule for South Korea's key financial authorities includes Bank of Korea policy events, Financial Services Commission meetings, and Financial Supervisory Service updates on market oversight and regulatory actions.
#YonhapInfomax #BankOfKorea #FinancialServicesCommission #FinancialSupervisoryService #KOFR #VoicePhishing #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=88716[Next Week's Schedule of Bank of Korea, Financial Services Commission, and Financial Supervisory Service]
This week's schedule for South Korea's key financial authorities includes Bank of Korea policy events, Financial Services Commission meetings, and Financial Supervisory Service updates on market oversight and regulatory actions.
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