Deputy Prime Minister Choi Sang-mok "Unlimited Liquidity Supply" Emergency Martial Law Response

"Response to Market Instability Factors"

Choi Sang-mok, Deputy Prime Minister for Economic Affairs and Minister of Economy and Finance, announced on the 4th that all possible financial and foreign exchange market stabilization measures, including unlimited liquidity supply, will be fully mobilized to respond to potential market instability factors that may arise after the declaration of martial law.

On the 3rd at 11:40 p.m., Deputy Prime Minister Choi held an emergency macroeconomic and financial issue meeting at the Korea Federation of Banks building 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, where he made this announcement.

Officials stated that emergency macroeconomic and financial issue meetings will be held daily from that day forward to maintain a constant crisis management system. Additionally, more specific additional market stabilization measures will be reviewed by each institution and promptly announced starting that morning.

The attendees emphasized that they will do their utmost to ensure the stability of the national economy in preparation for all situations.