Seoul: Amid the ongoing U.S. tariff impacts, the Korean won continues to show vulnerability as it depreciates against the dollar, raising economic concerns in South Korea. The won's recent fall to a seven-month low has prompted discussions among analysts about the potential of it breaching the 1,500 won level, a threshold last encountered during the 2009 financial crisis. According to Yonhap News Agency, the depreciation trend has persisted despite hopes of a U.S. Federal Reserve rate cut. On Friday, the won closed at 1,475.6 against the dollar, and by Monday, it had slipped further to 1,477.1 won. This has led to various policy options being considered, including verbal interventions and potentially involving the National Pension Service (NPS) to stabilize the foreign exchange market. The year has seen Korea's trade figures report a current account surplus of $82.8 billion through September. However, strong demand for the dollar from investors and the reluctance of export firms to convert earnings into won have exacerbated the won's decline. Last month, Korean retail investors purchased $6.8 billion in overseas equities, the highest on record since 2011, with $3.63 billion more purchased this month alone according to the Korea Securities Depository. Foreign investors have also contributed to the won's pressure by selling $6.2 billion in Korean equities this month. In response, key government bodies, including the Ministry of Economy and Finance and the Bank of Korea, have formed a consultative body to address the situation while considering the NPS's role in foreign exchange stabilization. The global supply chain changes challenge the notion that a weaker won would necessarily boost exports long-term. Rising costs of intermediate materials due to supply chain instability could hinder future investments and lead to higher consumer prices. The government and financial authorities are urged to adopt a broader perspective on foreign exchange stability. Additionally, structural assessments of the equity market ar e necessary to stem capital outflows, aligning with goals to support a KOSPI rally. As Korea embarks on significant U.S. investments tied to the 15 percent U.S. tariff, the foreign exchange issue is expected to gain further prominence.