As per Bpaynews, South Korea has introduced new foreign-exchange safeguards, including closer scrutiny of exporters' currency dealings, tighter monitoring of overseas investment flows, and discussions to extend an FX swap line between the Bank of Korea and the National Pension Service. The measures aim to ease dollar funding stress and reduce USD/KRW volatility. Authorities will review exporters' FX transactions to address imbalances, conduct regular checks on outbound investment flows, and ensure investor protection. The swap-line extension is intended to provide a backstop for dollar liquidity, supporting market stability and reducing hedging costs. These steps are designed to improve market functioning and stabilize the won without imposing capital controls.
South Korea Tightens FX Oversight, Eyes Swap-Line Extension to Stabilize Won
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