The South Korean won rose to around 1,464 per dollar on Wednesday, extending its gains for a second session as sentiment improved amid government efforts to stabilize the foreign exchange market. Finance Minister Koo Yun-cheol highlighted that authorities are closely monitoring market activity, emphasizing that measures are ready if needed to ensure orderly conditions. While no specific interventions were announced, his comments highlighted that all available options to support the currency are under review, helping to reassure investors and ease market concerns. Adding to the positive sentiment, recent US economic data reinforced expectations of a 25 basis point Federal Reserve rate cut at the December meeting. Remarks by key Fed members boosted confidence that a rate cut is likely, citing labor market softness as grounds for easing.