Banks Bring Back Night Shifts as Korean Won Trading Hours Stretch Past Midnight bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Most large South Korean banks plan to set up night shifts when won trading hours are extended this year, bringing back a relic from the 1990s that had disappeared due to changes in working conditions.Most Read from BloombergQuake Hits Northwestern Japan, Killing Four, Wrecking HomesIran Sends Warship to Red Sea After US Sinks Houthi BoatsIndia’s Crude Oil Imports From Russia Plunge on Payment IssuesMaersk Halts Red Sea Shipping as US Navy Sinks Houthi BoatsUS Pushed Dutch Maker of
The heads of Korea’s leading financial groups - KB, Shinhan, Woori, Hana and NH NongHyup - each announced their New Year message emphasizing risk management as the top priority to navigate uncertainties this year, the lenders said, Tuesday.
Until the Asian financial crisis of 1997, many Korean banks operated nights shifts. Now some are bringing them back as the government pushes for round-the-clock won trading.