Choi Sang-mok, Acting President and Deputy Prime Minister as well as Minister of Economy and Finance, instructed on the 7th to "promptly prepare additional measures to rationalize regulations related to foreign currency inflows and outflows."
At the macroeconomic and financial issues meeting he presided over that morning, Acting President Choi stated, "In a situation where external uncertainties are increasing, it is necessary to alleviate the imbalance in foreign exchange supply and demand caused by the expansion of domestic investors' overseas securities investments."
This is intended to ease the supply and demand burden on the foreign exchange market and reduce exchange rate volatility caused by the significant increase in overseas stock purchases by Seohak Ants, and is seen as an extension of the foreign exchange supply and demand improvement measures announced after the December 3 emergency martial law situation.
Acting President Choi also urged, "Given the high external uncertainties due to the US's new tariff impositions, responses from major countries, and geopolitical factors affecting the recent financial and foreign exchange markets, please maintain a high level of vigilance and closely monitor global economic and financial market trends 24 hours a day."
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.
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