Macroeconomic and Financial Issues Meeting
(Seoul = Yonhap News) Reporter Kim In-cheol – On the morning of the 6th, after concluding the Macroeconomic and Financial Issues Meeting held at the Bankers’ Club in Jung-gu, Seoul, Kim Byung-hwan, Chairman of the Financial Services Commission (left), Lee Bok-hyun, Governor of the Financial Supervisory Service, and Rhee Chang-yong, Governor of the Bank of Korea, are moving from the meeting. 2024.12.6
(Sejong = Yonhap News) Reporter Lee Jun-seo – On the 6th, at the ‘Macroeconomic and Financial Issues Meeting’ (F4 Meeting), Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok stated, “We will continue to actively explain the robust fundamentals of our economy and our policy response capacity to ensure no impact on external credibility.”
The meeting held at the Korea Federation of Banks in Seoul included Rhee Chang-yong, Governor of the Bank of Korea, Kim Byung-hwan, Chairman of the Financial Services Commission, and Lee Bok-hyun, Governor of the Financial Supervisory Service. They focused on containing the economic fallout by operating the F4 meeting for three consecutive days following the ‘Martial Law Situation’.
Deputy Prime Minister Choi emphasized, “As internal and external uncertainties persist, we will maintain a 24-hour response system with high vigilance,” adding, “Starting from the 5th, the ‘Economic and Financial Situation Monitoring Task Force’ (TF), involving all related ministries and institutions, including the financial and foreign exchange markets and the real economy, will continue to monitor the overall economic and livelihood situation in real time.”
He also stated that uncertainties surrounding next year’s budget and tax law amendments will be resolved as quickly as possible, while the policy tasks the government has pursued, such as ▲ strengthening industrial competitiveness ▲ advancing the foreign exchange and capital markets ▲ amending the Capital Market Act, will be steadfastly promoted.
Deputy Prime Minister Choi further added, “Recently, the market capitalization of Kospi value-up announced companies is reaching 38.2% of the total, indicating the growing spread of value-up participation,” and “we will consistently pursue efforts to advance the capital market, including the creation and execution of a 500 billion won value-up fund and value-up tax support.”
jun@yna.co.kr