South Korea on Friday unveiled a comprehensive foreign exchange and capital market reform roadmap aimed at securing inclusion in the MSCI Developed Markets Index, acknowledging long-standing shortcomings in market accessibility. The roadmap, released as part of the government’s 2026 economic growth strategy, is a joint initiative involving the finance ministry, Financial Services Commission, Bank of Korea, Financial Supervisory Service, Korea Exchange and Korea Securities Depository.

The plan commits to a series of structural reforms, including the introduction of 24-hour onshore foreign exchange trading by mid-2026, a pilot offshore won settlement system later this year and a full rollout from 2027.