Acting President Choi Sang-mok, Deputy Prime Minister and Minister of Strategy and Finance, said on the 10th, “Recently, volatility in the financial and foreign exchange markets has been gradually easing, but considering internal and external uncertainties, we still cannot be reassured.”
Acting President Choi held a meeting on macroeconomic and financial issues (aka F4 meeting) at the Seoul Government Complex this morning and said, “Each agency maintains a high level of vigilance and monitors and responds to the financial and foreign exchange markets 24 hours a day to manage the economy as stably as possible. “Please do your best,” he said. He added, “As stock prices are showing a gradual recovery recently, we must further accelerate efforts to advance the capital market, such as supporting the value industry tax system and improving corporate governance.”
This is the second time, following the 3rd of this month, that Acting President Choi has presided over the F4 meeting as Acting President. Acting Director Choi plans to hold F4 meetings every week and inspect the market. The meeting was attended by Bank of Korea Governor Lee Chang-yong, Financial Services Commission Chairman Kim Byeong-hwan, and Financial Supervisory Service Governor Lee Bok-hyun.
Sejong = Reporter Soon-gu Jeong [email protected]
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