South Korea plans to relax foreign-exchange rules governing capital transactions in the second half of the year as part of a broader effort to internationalize the won and deepen overseas use of the currency.

The initiative aims to expand the won's global footprint by reducing regulatory barriers that currently limit cross-border transactions and foreign investor participation in domestic markets. Authorities believe that liberalizing capital flow restrictions will enhance the currency's appeal for international trade settlement and investment.

Officials indicate the reforms will be implemented gradually to maintain financial stability while promoting greater integration with global markets. The move aligns with Seoul's long-term strategy to elevate the won to a fully convertible international currency status.

Market participants view the planned easing as a significant step toward deeper financial market development, though the pace and scope of specific rule changes remain under review by financial regulators.