Written by 11:03 AM Economics

“Impeachment Passed” Possibility Raises Government Concerns: “Closely Monitoring Weekend Political Situation… Additional Market Stabilization Measures if Necessary”

Deputy Prime Minister Choi Sang-mok Holds F4 Meeting on the 13th
Discussion on Financial and Foreign Exchange Market Trends and Responses
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Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok is holding an urgent macroeconomic and financial issues meeting (F4 meeting) with Bank of Korea Governor Rhee Chang-yong, Financial Services Commission Chairman Kim Byung-hwan, and Financial Supervisory Service Chief Lee Bok-hyun at the Bankers’ Club in Jung-gu, Seoul, on the morning of the 13th. Photo Provided by Ministry of Economy and Finance,
, ‘[Seoul Economy] ‘,
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, ‘Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok stated, “We will monitor the political situation closely over the coming weekend and implement additional market stabilization measures in a timely manner if excessive volatility occurs.”’,
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, ‘On the morning of the 13th, Deputy Prime Minister Choi hosted an urgent macroeconomic and financial issues meeting (F4 meeting) with Bank of Korea Governor Rhee Chang-yong, Financial Services Commission Chairman Kim Byung-hwan, and Financial Supervisory Service Chief Lee Bok-hyun at the Bankers’ Club in Jung-gu, Seoul, to discuss trends and response strategies for the financial and foreign exchange markets.’,
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, ‘Participants of the meeting evaluated that the stock market showed signs of recovery with a three-day consecutive rise from the 10th to the 12th and that government bond yields maintained a stable trend. However, they agreed that significant uncertainties remain and decided to continue market stabilization measures.’,
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