South Korea now lets people trade its money, the won, 24 hours a day. This started on July 6.

韓國現在允許人們全天 24 小時交易韓元。這項措施於 7 月 6 日開始。

South Korea wants more global investors. They want a special 'developed market' label from a group called MSCI. This label helps the country get more money from other nations.

韓國希望吸引更多全球投資者。他們希望獲得一個名為 MSCI 的機構授予的「發達市場」特別標籤。這個標籤有助於該國從其他國家獲得更多資金。

Some people think Korean stocks are too cheap. The government wants to fix this. They made new rules so it is easier for foreigners to buy and sell the won.

有些人認為韓國股票過於低估。政府希望解決這個問題。因此他們制定了新規則，讓外國人買賣韓元更加便捷。

Banks are changing how they work. Big banks like Hana and Shinhan are hiring more people. Workers in London now work in different shifts to watch the market all day.

銀行正在改變其運作方式。像 Hana 和 Shinhan 這樣的大型銀行正在招聘更多員工。倫敦的員工現在採取輪班制，以便全天候監控市場。

South Korea now trades its money for 24 hours. They want more global investment, but MSCI still calls them an 'emerging market'.

韓國現在進行 24 小時貨幣交易。雖然他們希望獲得更多全球投資，但 MSCI 仍將其列為「新興市場」。

The South Korean government is changing the trading schedule for the won to a continuous 24-hour cycle starting July 6, following a series of official tests.

經過一系列官方測試後，韓國政府將從 7 月 6 日起，將韓圓的交易時間改為 24 小時連續交易。

This change in the foreign exchange market is a strategic move away from the strict rules created after the 1997 Asian Financial Crisis. The government's main goal is to be classified as a 'developed market' by MSCI, which requires the currency to be more accessible to international investors. To prevent risks such as a lack of liquidity—which could cause price swings since the won is currently near a 17-year low against the U.S. dollar—the administration has introduced new offshore settlement systems and policies allowing foreign investors to hold the currency directly.

外匯市場的這次變革是一項戰略舉措，旨在擺脫 1997 年亞洲金融風暴後制定的嚴格規則。政府的主要目標是希望被 MSCI 列為「發達市場」，而這要求貨幣對國際投資者而言必須更具可得性。為了防止流動性不足等風險（由於韓圓對美元目前接近 17 年低點，可能會導致價格劇烈波動），政府推出了新的離岸結算系統以及允許外國投資者直接持有該貨幣的政策。

Furthermore, this initiative aims to fix the 'Korea Discount,' a situation where South Korean stocks are cheaper than similar global companies due to poor corporate governance and strict currency laws. However, MSCI recently kept South Korea's 'emerging market' status because there is still not enough liquidity. At the same time, the market is facing a strange situation: while the KOSPI index has hit record highs, foreign funds are selling to take profits and local investors are preferring U.S. stocks, which has weakened the won.

此外，此舉旨在解決「韓國折扣」（Korea Discount）問題，即由於公司治理不善和嚴格的貨幣法，導致韓國股票價格低於全球同類公司。然而，MSCI 最近維持韓國的「新興市場」地位，因為流動性仍然不足。與此同時，市場面臨一種奇怪的現象：儘管 KOSPI 指數創下歷史新高，但外國基金正在獲利了結，且本地投資者更傾向於美國股票，這導致了韓圓走弱。

To handle these new requirements, financial institutions are changing how they manage their staff. Major banks, such as Hana, Woori, Shinhan, and KB Kookmin, are hiring more employees and using shift rotations. This is especially true for their London offices, as they need more staff to monitor the markets continuously.

為了應對這些新要求，金融機構正在改變其人員管理方式。大型銀行（如 Hana、Woori、Shinhan 和 KB Kookmin）正在招聘更多員工並採取輪班制。這在他們的倫敦辦公室尤為明顯，因為需要更多人員持續監控市場。

South Korea has extended its currency trading to 24 hours to attract more global investment, although it is still seen as an emerging market by MSCI.

韓國將貨幣交易延長至 24 小時以吸引更多全球投資，儘管 MSCI 仍將其視為新興市場。

The South Korean government is transitioning the won to a continuous 24-hour trading schedule effective July 6, following a period of institutional trials.

韓國政府在經過一段時間的制度試行後，將自 7 月 6 日起將韓元轉為 24 小時不間斷交易。

The current liberalization of the foreign exchange market represents a strategic departure from the restrictive protocols established after the 1997 Asian Financial Crisis. This policy shift is primarily driven by the objective of securing a 'developed market' classification from MSCI, an upgrade contingent upon enhanced currency accessibility. To mitigate the risks associated with potential liquidity deficits—which could exacerbate price volatility given the won's current proximity to a 17-year low against the U.S. dollar—the administration has introduced an offshore won settlement system, overdraft policies, and permits allowing offshore investors to hold the currency directly.

目前外匯市場的自由化，代表了對 1997 年亞洲金融風暴後設定的限制性協議的策略性脫離。這一政策轉向主要是為了爭取 MSCI 的「發達市場」評級，而該升級取決於貨幣可近接性的提升。為了降低潛在流動性不足相關的風險——由於韓元兌美元目前接近 17 年低點，可能會加劇價格波動——政府引入了離岸韓元結算系統、透支政策，以及允許離岸投資者直接持有該貨幣的許可證。

Furthermore, the initiative seeks to rectify the 'Korea Discount,' a phenomenon wherein domestic equities trade at lower valuations than global counterparts due to opaque corporate governance within chaebols and restrictive currency regulations. Despite these efforts, MSCI recently maintained South Korea's 'emerging market' status, citing insufficient onshore liquidity. Concurrently, the market faces contradictory pressures: while the KOSPI index has reached record highs, this growth has prompted increased profit-taking by foreign funds and a preference among domestic investors for U.S. equities, thereby contributing to currency weakness.

此外，該舉措旨在糾正「韓國折扣」（Korea Discount）現象，即由於財閥內部公司治理不透明及貨幣監管限制，導致國內股票的估值低於全球同類股票。儘管如此，MSCI 最近仍維持韓國的「新興市場」地位，理由是在岸流動性不足。與此同時，市場面臨矛盾的壓力：雖然 KOSPI 指數創下歷史新高，但此增長促使外國基金增加獲利了結，且國內投資者更傾向於美國股票，從而導致貨幣走弱。

In response to these operational requirements, financial institutions are restructuring labor allocations. Major entities, including Hana, Woori, Shinhan, and KB Kookmin banks, are expanding their staffing levels and implementing staggered shift rosters, particularly within their London-based operations, to manage the increased workload associated with continuous market monitoring.

為了回應這些運作需求，金融機構正在重新調整人力配置。包括韓亞、友利、新韓及國民銀行在內的主要機構，正在擴充人員規模並實施輪班制，特別是在其倫敦的營運部門，以應對持續市場監控所增加的工作量。

South Korea has expanded its currency trading hours to 24 hours to attract global investment, though it remains classified as an emerging market by MSCI.

韓國將貨幣交易時間延長至 24 小時以吸引全球投資，但目前仍被 MSCI 分類為新興市場。