Kim Byunghwan Convenes Emergency Meeting to Review Stock Market Situation
Financial Authorities and Related Organizations Strengthen Monitoring Amid Rising Uncertainty
Emphasis on Swift Implementation of Capital Market Activation Policies
The Financial Services Commission announced on the 23rd that it held an "Emergency Stock Market Situation Review Meeting" at the Government Seoul Office, chaired by Chairman Kim Byunghwan (center), together with related organizations such as the Financial Supervisory Service and the Korea Exchange. Photo by Financial Services Commission.
The Financial Services Commission announced on the 23rd that it held an "Emergency Stock Market Situation Review Meeting" at the Government Seoul Office, chaired by Chairman Kim Byunghwan, together with related organizations such as the Financial Supervisory Service and the Korea Exchange.
At the meeting, participants urgently reviewed overseas perspectives on the U.S. military intervention in Iran and examined the supply and demand situation in the domestic stock market, including foreign and institutional investors. They also discussed future response strategies.
The related organizations assessed that, although the domestic stock market has recently shown robust momentum and a favorable supply-demand structure, recording a high rate of price increase due to expectations for the new government, uncertainty has grown with Iran's response following the U.S. military intervention. As a result, they noted that volatility in the domestic stock market could increase.
The attendees emphasized the need for a close cooperation system between the financial authorities and related organizations, as well as a significant strengthening of market monitoring. They also highlighted the importance of thorough surveillance against unfair trading that exploits market uncertainty and stressed that any violations should be dealt with with zero tolerance. Additionally, they agreed on the necessity of swiftly implementing policy pledges related to capital market activation to maintain and expand the recent upward momentum in the domestic stock market, which has emerged due to expectations for the new government.
Chairman Kim Byunghwan stated, "The leap forward of our capital market begins with and is fundamentally based on market stability," adding, "As market volatility can change rapidly at any time depending on future developments, such as the blockade of the Strait of Hormuz, I urge the financial authorities and related organizations to maintain a close cooperation system and to make every effort to ensure market stability, remaining vigilant even to minor fluctuations."
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