Choi Sang-mok, Acting President and Deputy Prime Minister as well as Minister of Economy and Finance, stated on the 10th at the Macroeconomic and Financial Issues Meeting (F4 Meeting), "Please make every effort to monitor and respond to the financial and foreign exchange markets 24 hours a day to manage the economy as stably as possible."
Acting President Choi presided over the F4 meeting held that morning, attended by 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, and made these remarks.
Acting President Choi said, "Although the volatility in the financial and foreign exchange markets has recently shown signs of gradual easing, considering the domestic and international uncertainties, the situation is still not reassuring," and urged, "Each institution should maintain a high level of vigilance and make every effort to monitor and respond to the financial and foreign exchange markets 24 hours a day to manage the economy as stably as possible."
He especially ordered, "Since stock prices have recently shown a slight recovery, efforts to advance the capital market, such as value-up tax support and corporate governance improvement, will also be accelerated."
On the previous day in the Seoul foreign exchange market, the won-dollar exchange rate closed the weekly trading at 1,460.5 won, up 5.5 won from the previous session. In the stock market, the KOSPI closed slightly higher at 2,521.90, up 0.03%, continuing its upward trend for five consecutive trading days. The KOSDAQ index closed at 723.52, up 0.54%, marking a rise for seven consecutive trading days.
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