Foreign exchange keeps Koreans up all night | Finding deals at traditional markets

The Daily Debrief | Oct. 22, 2026

Published Modified
Planes draw a heart in the sky at the 2026 Gyeongnam Sacheon Airshow in South Gyeongsang on Oct. 22.

Happy Thursday! Here are the stories you need to know in Korea.

In today's news, after Korea's shift to 24-hour currency trading, banks are working harder to keep up with the transactions. In other stories, we check out some of Seoul's lesser-known traditional markets, which are drawing tourists looking for lower prices and bargains.

Meanwhile, Tesla's levitating car has helped inspire a raft of memes in Korea, with netizens imagining what a Hyundai version of the car would look like.
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Today's top story

BUSINESS

Korea's 24-hour FX market is keeping banks and customers up at night

Korea's currency market no longer sleeps. Neither do some of the people whose jobs depend on it. Since the shift to 24-hour trading, smartphones have become an overnight lifeline for corporate treasury managers.

The change has sent transaction volumes soaring on banks’ digital currency-trading platforms, and banks are intensifying competition for corporate clients by extending trading hours and increasing staffing at overseas offices.

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Feature of the day

BUSINESS

Foreign tourists, international residents seek fair prices and local flavors in Seoul’s lesser-known traditional markets


Mangwon, Gyeongdong and Cheongnyangni markets are drawing tourists and residents with fixed prices, multilingual tools and bargains.



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More stories

North Korea’s websites go dark as Kim Jong-un death rumor fuels speculation

Is AI paying off? Korea's top conglomerates face the moment of truth.

'Punching bags again': Bank call center agents brace for angry customers after data breaches

Korea nears tourist record ahead of schedule

At Seoul’s museums, visitors are invited to make, move and listen anew

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Editor's picks

BUSINESS

Up in the air: Korea memes Tesla's levitating Roadster, and Hyundai takes the hit

Online users imagine Tesla’s flying Roadster soaring over Seoul traffic while poking fun at Hyundai, its labor union and the Porter truck.




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LIFESTYLE & ENTERTAINMENT

Cybersecurity agency calls for immediate PHP updates over critical security flaws


Attackers can reportedly exploit the vulnerabilities to remotely run arbitrary code or take control of affected systems without requiring login credentials or authentication.



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KOREA

'That closet would have been my deathbed': A North Korean defector’s legal victory against Kim Jong-un

Choi Min-kyeong recounts surviving a reeducation camp and becoming the first North Korean-born defector to win a damages suit against Pyongyang in a South Korean court.

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KOREA

Cold snap grips Korea as temperatures plunge, with first frost and ice reported 

A sharp drop in temperatures arrived Thursday, while Typhoon Champi could bring rain and strong winds to southern waters this weekend.


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