South Korean officials agree on market stabilization measures at expanded meeting

  • Lee Hyung-il chaired an expanded macro-fiscal-financial meeting in Seoul.
  • Fiscal, monetary and financial authorities agreed to implement market stabilization measures.
  • The FSC also considered market-making measures and discussed JPYC’s sharp rise.

Deputy Prime Minister and Minister of Economy and Finance Lee Hyung-il chaired an expanded macro-fiscal-financial meeting at Government Complex Seoul on the 30th. The heads of South Korea’s fiscal, monetary and financial authorities agreed to implement market stabilization measures. Separately, the Financial Services Commission is considering a market-making system and discussed JPYC’s sharp rise in the context of exchange discipline.

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