According to Yonhap News Agency, citing unnamed government officials, South Korea's Ministry of Planning and Finance has set up a task force to deal with increased volatility in the foreign exchange market and will formulate countermeasures for major foreign exchange supply and demand participants, including exporters, brokerage companies, and the National Pension Service. The working group, led by the Foreign Exchange Markets Department of the Ministry of Finance, is evaluating exporters' currency exchange patterns and overseas investment trends. Officials are also considering creating incentive plans to encourage the timely sale of dollars. Tax incentives are also being assessed, including increasing the current exemption for remittance of dividends from 95% to 100% for overseas subsidiaries. The Financial Supervisory Authority will check whether brokerage firms have properly fulfilled their obligations to explain to investors, fully disclose risks, and avoid marketing methods that encourage excessive leverage to drive overseas investment; the inspection will continue until January.

According to Yonhap News Agency, citing unnamed government officials, South Korea's Ministry of Planning and Finance has set up a task force to deal with increased volatility in the foreign exchange market and will formulate countermeasures for major foreign exchange supply and demand participants, including exporters, brokerage companies, and the National Pension Service. The working group, led by the Foreign Exchange Markets Department of the Ministry of Finance, is evaluating exporters' currency exchange patterns and overseas investment trends. Officials are also considering creating incentive plans to encourage the timely sale of dollars. Tax incentives are also being assessed, including increasing the current exemption for remittance of dividends from 95% to 100% for overseas subsidiaries. The Financial Supervisory Authority will check whether brokerage firms have properly fulfilled their obligations to explain to investors, fully disclose risks, and avoid marketing methods that encourage excessive leverage to drive overseas investment; the inspection will continue until January.