Stock Exchange Also 'Emergency'... Emergency Meeting from Early Morning

Uk Jin

Summary

In this emergency situation, major stock companies like LS Corp., IBK Securities, and NH Investment & Securities held emergency meetings.
Stock companies are strengthening internal system inspections and customer response plans, preparing for unexpected volatility.
Specific stock companies examined various scenarios and prepared appropriate response strategies in a tense situation.

President Yoon, Emergency System Declared and Lifted in 6 Hours

Emergency Meeting at Stock Companies from Early Morning

The stock market was also caught in an emergency due to the declaration and lifting of the emergency system that occurred late at night. From early morning, employees were returning to their offices, and an emergency meeting was held early on the 4th with department heads or senior staff. According to the industry, on this day, one stock company held an emergency meeting to discuss cooperation with departments following the lifting of the emergency system and planned to respond accordingly. LS Corp. had already gathered its employees by 6:50 AM to devise a response plan. The focus was on how to respond to high volatility that may occur when the stock market opens. IBK Securities also held an emergency meeting with key employees from the morning.

Other stock companies also responded promptly. Mirae Asset Securities and KB Securities, among others, have not yet decided whether to hold an emergency meeting following the lifting of the emergency system, but most employees arrived earlier than usual. NH Investment & Securities did not convene an emergency meeting, but most employees arrived early to inspect the system and awaited the announcement from the exchange. Late at night, they communicated through messengers, discussing the industry trends. Employees from departments such as research centers, IT, and internal control were particularly early to work.

An employee in charge of retail at a stock company said, "Since the opening of the stock market was not decided until the last minute, we prepared for the situation by arriving an hour and a half earlier than usual," adding, "There were customers who urgently canceled their pre-orders from the night before."

An employee from a stock company said, "Although the Korea Exchange announced normal operation of the stock market by 7:30 AM, employees had already gathered to review various scenarios and carefully prepared response plans," adding, "As it is the first time for the industry, everyone is cautious and tense."

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