Meeting of Heads of Fiscal, Monetary, and Financial Authorities on the 30th... Discussion on Household Debt and Real Estate

[Sejong=Asia Economy Reporter Kim Hyunjung] Deputy Prime Minister and Minister of Economy and Finance Hong Nam-ki will meet next week with Lee Ju-yeol, Governor of the Bank of Korea, Ko Seung-beom, Chairman of the Financial Services Commission, and Jung Eun-bo, Governor of the Financial Supervisory Service.

According to related ministries on the 23rd, Deputy Prime Minister Hong and others plan to hold a macroeconomic and financial meeting on the 30th to share the fiscal, monetary, and financial authorities' views on major economic issues.

At a press briefing on the 13th, Deputy Prime Minister Hong said, "To exchange more opinions and coordinate on policy combinations and risk management, the four of us will hold a macroeconomic and financial meeting before the end of September." At this meeting, discussions are expected on household debt, managing volatility in asset markets such as real estate, and financial support measures for vulnerable groups.

This is the first time in over seven months since February 18 that the heads of the fiscal, monetary, and financial authorities will gather in one place. It is also the first meeting since Chairman Ko and Governor Jung took office last month.