SOUTH KOREA

Currency: South Korean won (KRW)

RTGS: BOK-Wire+

Message format currently in use: Proprietary message format of Bok-Wire+

ISO migration planned? Timeline: No timeline has been set out for the time being. Following a paper from Accenture, we understand that Bok-Wire+ will go for a migration of ISO20022, however no time line or timing has been released. We assume that the project is under discussion. Furthermore, no information have been found on MyStandards or Bok-Wire+ web site.

Governing body of the migration: Bank of Korea

South Korea KRW ISO migration