Choi Sang-mok, Acting President, Deputy Prime Minister, and Minister of Economy and Finance, spoke at the macroeconomic and financial issues meeting held at the Seoul Government Complex on the 14th. [Yonhap News]
Choi Sang-mok, Acting President, Deputy Prime Minister, and Minister of Economy and Finance, assessed on the 14th that “recent financial and foreign exchange markets are experiencing significant external uncertainties due to factors such as the U.S. imposing tariffs and the responses from other countries, as well as heightened concerns about a slowdown in the U.S. economy.”
On this day, Acting President Choi held a ‘macroeconomic and financial issues meeting’ with Lee 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, at the Seoul Government Complex and urged responses to financial volatility.
Acting President Choi said, “Major countries’ monetary policy decisions, such as the Federal Open Market Committee of the U.S. Federal Reserve and the Bank of Japan’s monetary policy meeting, are scheduled for next week,” and added, “We need to maintain a 24-hour monitoring system on global economic and financial market trends in close cooperation with relevant agencies.”