Core Viewpoint - The South Korean government is temporarily exempting banks and financial institutions from the foreign exchange stability tax until June as part of measures to promote the supply of US dollars in the market [1][2]. Group 1: Government Measures - The six-month exemption from the special tax will be retroactive to January 1 [1][2]. - The existing mechanism requires financial institutions to pay taxes when holding foreign currency liabilities above a certain level [1][2]. Group 2: Market Impact - The tax exemption is expected to lower the cost of foreign currency borrowing and increase the supply of US dollars in the foreign exchange market [1][2]. - The measures come as the Korean won continues to depreciate against the US dollar, although it rebounded slightly following a positive statement from President Yoon Suk-yeol about the won [1][2]. - As of 3 PM local time, the exchange rate was 1,470.3 won per dollar, an increase of 9.5 won from the previous trading day [1][2].