South Korea's First Retail FX Broker FXOne Launches 24-Hour Multi-Bank Platform on July 6

According to Yonhap Infomax, FXOne, South Korea's first retail foreign exchange broker, launched its FXOnePro platform on July 6, enabling customers to access real-time exchange rate quotes from multiple banks simultaneously at zero cost. The platform allows exporters, asset managers, and pension funds to compare quotes from Hana Bank, NH Agricultural Bank, Industrial Bank, and SC First Bank in a single view and execute trades at optimal prices.

The service operates 24 hours daily via internet access and provides unprecedented transparency in foreign exchange trading. Government official Do Jong-rok, head of the Foreign Exchange Fund Division at South Korea's Ministry of Economy and Finance, stated that FXOne received its retail broker license with an emphasis on active market participation. He noted the platform represents a step toward aligning South Korea's historically closed forex market with global standards, including 24-hour operations and offshore won settlement systems.