Acting President Lee Holds Breakfast Meeting with Bank of Korea Governor and Financial Services Commission Chairman: "Monitor and Respond to Financial and Foreign Exchange Markets"

Uncertainties Persist Amid U.S. Credit Rating Downgrade

Jooho Lee Acting Director Yonhap News Agency

On May 19, Jooho Lee, Acting President, Deputy Prime Minister, and Minister of Education, held a breakfast meeting with Changyong Lee, Governor of the Bank of Korea, and Byunghwan Kim, Chairman of the Financial Services Commission, where he called for stable management of the financial and foreign exchange markets.

At the meeting, Acting President Lee stated, "Given the ongoing external uncertainties, such as tariff negotiations between major countries and the United States, as well as trends in the U.S. economy following Moody's downgrade of the U.S. sovereign credit rating, I ask that you continue to closely monitor and respond to the situation in the financial and foreign exchange markets until the end."

The Ministry of Education also reported that Acting President Lee highly praised the efforts of the Bank of Korea and the Financial Services Commission to maintain stability in the financial markets despite difficult domestic and international conditions.