Lee Bok-hyun: "Continuous Market Stability Needed... Financial Institutions Should Supply Funds as Planned"

Financial Supervisory Service Holds Financial Situation Review Meeting

"Detect and Address Even Small Signs of Abnormalities"

Re-examine Financial Companies' Emergency Response Plans

Strengthen Monitoring of Abnormal Transactions in the Virtual Asset Market

Lee Bok-hyun, the head of the Financial Supervisory Service, stated that "economic entities such as financial companies should execute investments and fund supplies as planned by the end of the year and into the next year."

On the 5th, Lee presided over a financial situation review meeting and said, "The supervisory authorities will actively support economic entities to focus on normal economic activities."

Initially, the Financial Supervisory Service reported that market experts evaluate the current financial and foreign exchange markets as relatively stable due to the authorities' market stabilization measures and favorable foreign currency liquidity conditions.

However, he diagnosed that "due to the U.S. tariff policy and anticipated economic difficulties next year, along with added political uncertainties, market volatility could increase," indicating the need for continuous market stability.

In response, Lee urged institutional investors to "take a long-term investment perspective and cope with short-term market fluctuations."

He particularly mentioned that "the execution of investments and fund supplies as planned by economic entities such as financial companies is the driving force for economic and market recovery."

He also emphasized that "the Financial Supervisory Service will consistently promote the advancement of the capital market and rationalization of regulations from a long-term perspective."

Additionally, he ordered, "Detect and proactively address even the smallest signs of abnormalities until the market stabilizes."

The Financial Supervisory Service plans to enhance communication with financial market experts and foreign investors to fully listen to and gather market opinions.

Furthermore, they plan to re-examine the emergency response plans of financial companies and supplement necessary items.

They will also guide the pre-inspection of vulnerable areas to consumer damage due to increased market volatility.

Moreover, they will conduct a detailed analysis of policy and political theme stocks showing abnormal signs and take measures such as issuing consumer warnings if investor damage is anticipated.

Finally, the recently highly volatile virtual asset market will continue to explore regulatory improvement measures and strengthen monitoring of abnormal transactions.

Kim Ye-won yen88@wowtv.co.kr