MoEF and BOK to Hold Emergency Macroeconomic and Financial Meeting on the 24th... Financial Market Review

[Asia Economy Reporter Seo So-jeong] The government will hold an 'Emergency Macroeconomic and Financial Meeting' this weekend to review domestic and international financial markets.

The Ministry of Economy and Finance and the Bank of Korea announced on the 22nd that on the 24th at 2 p.m., Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho, Bank of Korea Governor Lee Chang-yong, Financial Services Commission Chairman Kim Joo-hyun, Financial Supervisory Service Governor Lee Bok-hyun, and Senior Secretary for Economic Affairs Choi Sang-mok will hold the Emergency Macroeconomic and Financial Meeting at the International Financial Center meeting room on the 3rd floor of the Bankers' Hall in Myeong-dong, Seoul.

On that day, the Financial Services Commission and the Financial Supervisory Service will present recent domestic financial market trends, and the International Financial Center will present recent international financial market trends.

In addition, the Financial Services Commission plans to announce major task promotion plans for stabilizing the financial sector and people's livelihood, and the Bank of Korea plans to present the impact of rising interest rates on vulnerable sectors and countermeasures.

A Bank of Korea official said, "Since this is a meeting where the heads of fiscal, monetary, and financial authorities all gather, various discussions on the recent economic and financial situation will take place."

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