Political Uncertainty and Other Domestic and International Uncertainties Persist,
Choi Sang-mok, Deputy Prime Minister for Economic Affairs and Minister of Economy and Finance, presiding over an emergency macroeconomic and financial meeting at the Korea Federation of Banks on the 12th. ⓒMinistry of Economy and Finance, ‘[Sejong = Dailyan Reporter Maeng Chan-ho] On the 12th, at the Korea Federation of Banks, Choi Sang-mok, Deputy Prime Minister for Economic Affairs and Minister of Economy and Finance, held an ‘Emergency Macroeconomic and Financial Issues Meeting (F4 meeting)’ with Lee Chang-yong, Governor of the Bank of Korea, Kim Byung-hwan, Chairman of the Financial Services Commission, and Lee Bok-hyun, Commissioner of the Financial Supervisory Service, to discuss trends in financial and foreign exchange markets.’,
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, ‘The government and the Bank of Korea have been holding F4 meetings continuously since the December 3rd emergency martial law declaration and the impeachment situation, focusing on calming market unrest.’,
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, ‘The attendees assessed that uncertainties, such as political uncertainty and the U.S. Federal Reserve’s interest rate decision, remain ever-present.’,
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, ‘They decided to continue 24-hour monitoring through the Economic and Financial Situation Task Force (TF) and to respond fully to reverse market sentiment when necessary.’,
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, ‘The Bank of Korea is supplying liquidity without limitation through repurchase agreements (RP purchases) based on capital market demand.’,
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, ‘The Ministry of Economy and Finance reported that attendees are also strengthening external communication, including interviews with foreign media, to ensure the recent situation does not impact international credibility.’