Financial Authorities Operate Daily Monitoring System for Financial Markets Amid Middle East Instability
The Islamic Revolutionary Guard Corps of Iran launched a missile attack at dawn on the 8th (local time) on a US military base in Iraq (Photo by Yonhap News).
View original image[Asia Economy Reporter Kim Hyo-jin] The Financial Services Commission announced on the 8th that, in response to instability in the Middle East and other regions due to the armed conflict between the United States and Iran, it will operate a daily monitoring system for domestic and international financial markets together with the Financial Supervisory Service.
Additionally, the Financial Services Commission plans to hold an emergency financial market inspection meeting on the same day to assess the impact and ripple effects on the domestic financial market caused by the recent increase in volatility in the global financial markets and to discuss future risk factors.
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The Financial Services Commission stated, "We will continue to closely monitor market conditions and, if volatility in the domestic financial market increases, promptly implement market stabilization measures according to the contingency plan to ensure financial stability."
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