Amidst the turmoil of impeachment politics… Kim Byung-hwan, “Preparing to swiftly implement market stabilization measures.”

“High Possibility of Increased Financial Market Volatility”
“Need for Close Cooperation and Vigilance among Related Agencies”, [Seoul=Newsis] By Kim Myung-won – Choi Sang-mok (left), Deputy Prime Minister and Minister of Economy and Finance, and Kim Byung-hwan, Chairman of the Financial Services Commission, are seen arriving at the Government Complex in Jongno-gu, Seoul, on the morning of the 6th. 2024.12.06. [email protected],
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, ‘[Seoul=Newsis] Reporter Park Eun-bi – Financial Services Commission Chairman Kim Byung-hwan urged the commission’s staff on the 8th to be fully prepared to quickly implement necessary market stabilization measures, as the likelihood of increased financial market volatility is high.’,
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, ‘Chairman Kim, during a meeting of senior officials of the Commission, stated the need to maintain vigilance while closely cooperating with related agencies.’,
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, ‘He emphasized, “Financial Services Commission staff must keep in mind that they bear a grave responsibility for the stability of our financial markets and must strive to fulfill their duties to the best of their abilities.”‘,
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, ‘Earlier, Chairman Kim attended the joint statement announcement by related ministries in response to the impeachment situation involving President Yoon Suk-yeol. ‘,
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, ‘Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok, after an emergency cabinet meeting, released a joint statement with related ministries acknowledging that, while there had been various disturbances in the past, their impact on the economy was limited. Nevertheless, he assured that the government and the Bank of Korea are taking preemptive measures to address volatility in the financial and foreign exchange markets.’,
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, ‘He further stated that, “The Economic Ministers Meeting will serve as a control tower, ensuring close cooperation among related agencies through the Macroeconomic Financial Issues Meeting and the interagency Economic and Financial Situation Task Force (TF)” and emphasized active communication with international investors and society to enhance understanding of Korea’s economic situation and government responses.’,
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