S. Korea to Allow Receipt of Foreign Currencies via Delivery

South Korea will allow consumers to receive foreign currencies via a delivery service after converting their Korean won through a digital platform.

The move is part of the Korean government's efforts to ease regulations and promote contactless transactions.

The government will also allow brokerages and credit card companies to change foreign investors' money into the Korean currency.

Finance Minister Hong Nam-ki noted that the government's objective is to step up competition among foreign exchange services suppliers.

The government will revise laws by September to ease regulations.