South Korea has implemented new foreign-exchange measures to stabilize the won, including increased scrutiny of exporters' currency transactions and tighter monitoring of overseas investment flows. Authorities are also in talks to extend an FX swap line between the Bank of Korea and the National Pension Service. These initiatives aim to alleviate dollar funding stress and reduce USD/KRW volatility by reviewing exporters' FX dealings and conducting regular checks on outbound investments. The proposed swap-line extension is intended to provide a safety net for dollar liquidity, supporting market stability and lowering hedging costs. These measures are designed to enhance market functioning and stabilize the won without resorting to capital controls.