Koh Seung-beom, Financial Services Commission Chairman, "Maintain Emergency Response System in Preparation for Ukraine Situation"
On the 22nd, Go Seung-beom, Chairman of the Financial Services Commission, checked market trends and risk factors with Financial Services Commission executives regarding the financial market situation, which is experiencing increased volatility due to the Ukraine crisis, at the Government Seoul Office in Jongno-gu, Seoul.
View original image[Asia Economy Reporter Song Hwajeong] Ko Seung-beom, Chairman of the Financial Services Commission, urged maintaining an emergency response system in preparation for the possibility of the Ukraine situation developing rapidly.
On the morning of the 22nd, Chairman Ko attended the 'National Security Council and External Economic Security Strategy Council Joint Meeting,' and in the afternoon, he checked market trends and risk factors with Financial Services Commission executives regarding the financial market situation, which is experiencing increased volatility due to the Ukraine situation.
Chairman Ko stated, "Geopolitical risks related to Ukraine have significantly increased, leading to heightened volatility in financial markets such as the stock market. Although volatility in the stock market has somewhat decreased this afternoon and it appears that the impact has not yet spread widely, it is necessary to maintain an emergency response system in preparation for the possibility that the Ukraine situation may develop more urgently."
Currently, financial authorities are managing stock market monitoring at a 'caution' level and are checking domestic and international financial market trends every day before the market opens.
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Chairman Ko urged, "We will closely monitor the U.S. market trends reopening after the holiday tonight and, through cooperation with related organizations such as the Financial Supervisory Service and Korea Exchange, carefully and thoroughly observe domestic and international financial market trends with heightened vigilance."
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