South Korea has revised and published foreign-exchange rules for RFI-K institutions, advancing the won internationalization roadmap announced in July. Registered foreign financial institutions can open omnibus accounts at Korean foreign-exchange banks and process nonresident clients’ won remittances, investments and lending through the Bank of Korea’s won international settlement network. Won-denominated capital transactions between nonresidents will be exempt from reporting, although domestic real estate transactions are excluded. RFI-K institutions must verify clients’ nonresident status and submit major transaction records to the Bank of Korea each month. They may also borrow won from domestic banks without a ceiling when temporarily short of funds for settlement, while the reporting-exemption threshold for general won borrowing has increased to 100 billion won from 30 billion won.