Choi Sang-mok: "Item-specific US tariffs remain... Strengthening monitoring of stocks, government bonds, and foreign exchange"
Summary
- Deputy Prime Minister Choi Sang-mok ordered the strengthening of monitoring by market.
- He stated the need to review countermeasures against U.S. tariff measures.
- It was revealed that household debt issues were also discussed.
Choi Sang-mok, Deputy Prime Minister and Minister of Strategy and Finance, ordered on the 11th to "strengthen monitoring by market such as stocks, government bonds, foreign exchange, and funds."
Deputy Prime Minister Choi held a 'Macroeconomic and Financial Issues Meeting' (F4 Meeting) with Bank of Korea Governor Lee Chang-yong, Financial Services Commission Chairman Kim Byung-hwan, and Financial Supervisory Service Governor Lee Bok-hyun at the Korea Federation of Banks in Seoul this morning to review countermeasures against U.S. tariff measures.
Deputy Prime Minister Choi stated, "Despite the U.S. government's '90-day grace period' for mutual tariffs, uncertainties such as the deepening U.S.-China tariff dispute and item-specific tariffs remain," and urged related agencies to have a keen sense of alertness and to check and prepare response plans for each situation.
The Ministry of Strategy and Finance reported that household debt issues were also discussed at the meeting.
Reporter Noh Jeong-dong, Hankyung.com dong2@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.
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