South Korea's Financial Services Commission and Financial Supervisory Service are intensifying oversight of offshore platforms offering perpetual contracts tied to Korean stocks and indices. Regulators will take strict enforcement action, including law enforcement referrals, against entities found soliciting Korean residents through referral codes or collecting commissions in violation of domestic law. Authorities will also assess whether these overseas derivative products have impacted the domestic stock market. As part of the enhanced regulatory framework, officials plan to engage directly with major offshore platforms to demand cooperation and ensure their operations comply with Korean legal standards.