Korea Exchange Operates Emergency Market Operation Committee

The Korea Exchange announced on the 16th that it has formed an Emergency Market Operation Committee to be operated on a regular basis in preparation for increased stock market volatility.

At 8 a.m. on the same day, the Exchange held an 'Emergency Market Inspection Meeting' to urgently review the financial market situation and future domestic and international stock market outlook following the passage of the presidential impeachment motion. It decided to operate the Emergency Market Operation Committee to prepare for the possibility of increased stock market volatility and to ensure stable market operation.

The Emergency Market Operation Committee is chaired by the Exchange Chairman and consists of the heads of Management Support, the KOSPI Market, the KOSDAQ Market, the Derivatives Market, Clearing and Settlement, Future Business Headquarters, the Market Surveillance Committee Chair, and the Standing Auditor.

An Exchange official explained, "The Emergency Committee will continue to closely monitor domestic and international market trends and stock market-related capital flows, as well as domestic and international stock market indicators. At the same time, based on a close cooperation system with relevant authorities, it plans to significantly strengthen market surveillance against unfair trading taking advantage of uncertain stock market situations and respond strictly when violations are detected."