The government will pursue business-friendly policies in 2011-15. However, there are concerns that Lee Myung-bak may continue to face obstruction in parliament when attempting to pass legislation. The South Korean economy is heavily dependent on external trade, and the authorities will therefore also implement policies (including modest capital controls) that aim to prevent the country's currency, the won, from strengthening too sharply in the international foreign-exchange market. Now that the domestic economy appears to have stabilised, the authorities are gradually shifting their attention to structural issues. The government will nevertheless exercise caution in terms of moves to reverse its stimulus measures. In the forecast period the authorities will seek new sources of economic growth in an effort to fend off the competitive threat from China. As part of this push, the government will pursue policies aimed at attracting foreign direct investment. It will also continue to seek to finalise or negotiate free-trade agreements with South Korea's largest trading partners.