Financial Services Commission Decides to Extend Stock Market Volatility Mitigation Measures Until Year-End

Kim So-young, Vice Chairman of the Financial Services Commission [Photo by Yonhap News]

[Asia Economy Reporter Oh Su-yeon] Financial authorities have decided to extend the stock market volatility mitigation measures implemented in July until the end of the year.

Kim So-young, Vice Chairman of the Financial Services Commission, chaired a joint inspection meeting with related organizations such as the Financial Supervisory Service on the 23rd and made this decision.

At the meeting, Vice Chairman Kim stated, "Although uncertainty surrounding the financial market remains high, it is necessary to be cautious of excessive anxiety spreading and the resulting herd behavior," adding, "Financial authorities and related organizations should thoroughly prepare to objectively analyze and inspect domestic and international economic and financial market conditions during times of high uncertainty, and ensure that measures to mitigate market volatility can be promptly activated."

At the meeting, it was decided to extend the stock market volatility mitigation measures implemented in July until the end of the year, considering the recent unstable situation in the stock market. Accordingly, the relaxation of the daily limit on the quantity of listed companies' own stock repurchase orders and the obligation for securities firms to maintain credit loan collateral ratios will be extended until the end of the year.

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