The Korea government establishes a KRW internationalization roadmap that reflects Korea’s level of economic maturity while ensuring robust risk management. With the goal of converting KRW from restricted currency to freely convertible currency, the policy has three strategies including ① building the infrastructure and regulatory framework for seamless KRW trading anytime and anywhere, ② expanding KRW demand across capital and current transactions and deepening KRW liquidity, and ③ developing a multi-layered risk management framework.
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