The Bank of Korea launched trial operations of the Bank of Korea Won International Wire Network on Sept. 21, enabling business-day continuous settlement of won transactions for overseas investors. KB Kookmin Bank, Woori Bank, Hana Bank and Shinhan Bank joined the pilot, whose first reported transaction was worth about 1.4 billion won, or roughly $1 million. Foreign investors can settle won through Registered Foreign Institutions for KRW Business, or RFI-Ks, without opening accounts directly at Korean financial institutions. Revised foreign-exchange rules also allow registered institutions to use omnibus accounts at Korean foreign-exchange banks. Full operations are scheduled for January 2027, when foreign banks are expected to participate. The network is part of South Korea's Won Internationalization Roadmap, while separate Project Agorá and Project Hangang trials continue to examine tokenized reserve, deposit-token and cross-border settlement arrangements.