Deputy Prime Minister and Minister of Economy and Finance Lee Hyung-il and Bank of Korea Governor Shin Hyun-song agreed to jointly review risks across the bond, currency, property and household debt markets and respond pre-emptively. Lee visited the BOK on September 28, six days after taking office, as officials emphasized that interest rates, exchange rates, asset prices and household debt increasingly affect one another. The cooperation framework includes integrated monitoring of financial-market volatility, policy coordination around price stability, growth and financial stability, and work on the internationalization of the won, digital finance and potential growth. Shin said external shocks, including the conflict in the Middle East and rising long-term government bond yields in major economies, remained in play, while the exchange rate had stabilized and growth had broadened. He warned that cost pressures and an unusual increase in income could intensify inflation and financial-imbalance risks. The meeting also revived concerns about the frequency of contact between the government and the independent central bank, as the Lee Jae Myung government pursues expansionary fiscal policy while the BOK has tightened monetary policy.