Financial Supervisory Service Prepares for Immediate Market Stabilization Amidst Financial and Foreign Exchange Market Instability

On the 4th, the Financial Supervisory Service, led by Director Lee Bok-hyun, held an emergency financial situation inspection meeting and announced that they are preparing for immediate market stabilization measures necessary to address potential financial and foreign exchange market instability arising from non-regular factors.

The Financial Supervisory Service plans to closely monitor and share information with relevant institutions by inspecting the foreign currency liquidity of financial institutions by business type and the volatility of the virtual asset market. Additionally, they aim to prepare for potential crises by activating a contingency response system, including holding financial situation inspection meetings as needed.

Director Lee Bok-hyun stated, "Although some volatility was observed in the overseas financial markets immediately after the announcement of the non-regular factors, the market volatility is showing a limited pattern, with successful issuance of 100 billion won worth of three-month certificates of deposit (CD) at KB Financial Group without price changes."

Director Lee urged the deputy directors and key financial business department heads attending the meeting at 1:30 PM that day to "maintain vigilance against unexpected situations and make every effort to stabilize the market by preparing optimal response measures."

Shin Min-kyung, Hankyung.com reporter radio@hankyung.com