iM Financial Group Establishes Emergency Response System Amid Middle East Crisis

Hwang Byungwoo: "Thorough Preparation for Global Market Volatility"

iM Financial Group announced on March 3 that it has established an emergency response system to address rising geopolitical risks from the Middle East, following the Iranian airstrikes by the United States and Israel.

At the emergency response roundtable, chaired by Chairman Hwang Byungwoo, participants primarily discussed the potential for increased volatility due to Middle Eastern risks and trends in the financial markets. Executives and department heads from the holding company, bank, and securities affiliates attended the meeting.

iM Financial Group plans to preemptively review risk ratios and foreign currency liquidity status for its subsidiaries, including iM Bank, iM Securities, iM Life, and iM Capital. The group will also implement measures such as developing private sector response plans for customer protection by subsidiary, managing sectors sensitive to oil prices and exchange rates, and overseeing foreign exchange positions for companies related to the Middle East.

Depending on the severity of future Middle East-related risks, iM Financial Group intends to activate an emergency response council if the current crisis management level is raised from “Caution” to “Alert.” The group will also expand the scale of meetings to include all subsidiaries, aiming to strengthen information sharing and group-wide response.

Chairman Hwang stated, “As geopolitical uncertainties in the Middle East continue to grow, we are enhancing our monitoring system at the group level to respond thoroughly to global market volatility. For companies facing difficulties due to the Middle East situation, we will provide financial support through our subsidiaries to help mitigate actual damages.”