Kim Byunghwan to UK Ambassador: "Market Stabilization Mechanisms Solid... Consistent Economic Policy Implementation"

Amid the martial law and impeachment political situation, Kim Byung-hwan, Chairman of the Financial Services Commission, met with Colin Crooks, the British Ambassador to Korea, at the Government Seoul Office at 10 a.m. on the 11th.

During the meeting, Chairman Kim stated, "Regarding the recent impact of political uncertainty on the financial market, the Korean government is closely monitoring market conditions and implementing proactive market stabilization measures, managing the situation consistently and steadily. Based on Korea's experience of maintaining financial system stability during the political upheaval in 2016, we now have even more robust market stabilization mechanisms in place," he emphasized.

He added, "We also plan to proceed without disruption on key policy tasks such as the smooth landing of real estate project financing (PF) and corporate value-up programs."

In response, Ambassador Crooks said, "We highly appreciate the Korean government's efforts to stabilize the financial market and look forward to continuing to strengthen financial cooperation between our two countries based on unwavering trust."

Earlier, the Financial Services Commission held a meeting with foreign financial companies the day before, and on the 9th successfully hosted the 9th International Financial Cooperation Forum. The forum was attended by international organizations such as the International Monetary Fund (IMF), World Bank (WB), Inter-American Development Bank (IDB), Green Climate Fund (GCF), International Institute of Finance (IIF), as well as ambassadors to Korea from the Philippines, Laos, Brunei, and Georgia, and central banks of Georgia and Vietnam, totaling over 60 participants from 16 countries. The Financial Services Commission plans to continue communication with overseas financial authorities and investors through various means.