Financial Services Commission: "Stock Market Volatility Remains... Will Continue Monitoring Market Impact"

Review of the Implementation Status of Measures to Mitigate Stock Market Volatility

[Asia Economy Reporter Ryu Tae-min] On the 8th, the Financial Services Commission (FSC) announced that it held a joint financial market inspection meeting chaired by Lee Yun-su, Director of Capital Market Policy, with related securities institutions such as the Financial Supervisory Service and Korea Exchange to review the implementation status of measures to ease stock market volatility.

At the meeting, Director Lee stated, "This week, the KOSPI index fell below the 2300 level before rebounding, indicating that stock market volatility continues," and emphasized, "This month, with the Q2 earnings announcements, Korea's base interest rate decision, and the U.S. consumer price index release scheduled, related institutions will jointly analyze the impact on the stock market and continue monitoring."

The FSC plans to continuously review the financial market situation and market stabilization measures through joint financial market inspection meetings. Regarding the exemption from the obligation to maintain credit loan collateral ratios for securities firms decided at last week's meeting, it has been confirmed that a total of 13 securities firms, including Kyobo Securities, have decided to lower collateral ratios or postpone the timing of forced sales.

Additionally, the relaxation of the daily limit on listed companies' acquisition of treasury shares was approved at the FSC regular meeting on the 6th and has been in effect since the 7th.

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