Acting President Choi: "Financial and foreign exchange uncertainties are high... monitoring 24 hours"
Summary
- Acting President Choi Sang-mok assessed that there are significant external uncertainties in the current financial and foreign exchange markets.
- He stated that careful response to financial volatility is required as major countries' monetary policy decisions are scheduled.
- He emphasized that relevant agencies should monitor global economic and financial market trends 24 hours a day under close coordination.
Acting President Choi Sang-mok assessed that "the financial and foreign exchange markets are facing significant external uncertainties due to U.S. tariff impositions and counteractions from affected countries, as well as growing concerns about U.S. economic slowdown."
On the 14th, Acting President Choi held a 'Macroeconomic and Financial Issues Meeting' (known as the F4 meeting) at the Government Complex in Seoul with Bank of Korea Governor Lee Chang-yong, Financial Services Commission Chairman Kim Byung-hwan, and Financial Supervisory Service Governor Lee Bok-hyun, urging careful response to financial volatility.
Acting President Choi stated, "Next week, major countries' monetary policy decisions are scheduled, including the U.S. Federal Reserve's Federal Open Market Committee (FOMC) and the Bank of Japan (BOJ) monetary policy meeting."
He emphasized that "under close coordination between relevant agencies, a 24-hour monitoring system for global economic and financial market trends must be maintained."
Shin Hyun-bo, Hankyung.com reporter greaterfool@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
