Government Holds Macroeconomic and Financial Issues Meeting
"Prepare for Resumption of Short Selling Through Sufficient Communication with the Market"
Choi Sang-mok, Acting President and Deputy Prime Minister as well as Minister of Economy and Finance, instructed on the 14th to closely monitor market trends, stating, "There is significant uncertainty due to concerns over the United States' trade policy, the possibility of delayed interest rate cuts amid disinflation stagnation, and discussions on ending the Ukraine war."
On the same day, Acting President Choi chaired the 'Macroeconomic and Financial Issues Meeting' (commonly known as the F4 meeting) at the Government Seoul Office and evaluated the recent financial and foreign exchange markets accordingly. The meeting was 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.
Acting President Choi said, "Please monitor and respond to international financial market trends 24 hours a day, including major countries' policies such as the U.S. announcement of reciprocal tariffs and geopolitical factors."
He added, "I hope that the amendment to the Capital Market Act, which aims to effectively protect general shareholders by strengthening shareholder protection obligations during mergers and physical divisions of listed companies and improving merger ratios, will be thoroughly discussed in the National Assembly."
Acting President Choi also ordered, "To prepare smoothly for the resumption of short selling, please communicate sufficiently with the market and ensure thorough follow-up measures such as the establishment of IT systems and institutional improvements."
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