Yoon: "Active Role of Banks Crucial in Easing Market Conditions and Burden on Vulnerable Borrowers"

Market Review on 50 Trillion Won + α Liquidity Supply Measures

[Image source=Yonhap News]

[Asia Economy Reporter Ki-min Lee] President Yoon Suk-yeol emphasized on the 1st that "the active role of the banking sector is important in alleviating the burden on vulnerable borrowers and responding to market conditions."

On the same day, President Yoon had lunch at the Yongsan Presidential Office with Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho, Bank of Korea Governor Lee Chang-yong, and Financial Services Commission Chairman Kim Joo-hyun, during which he made this request, according to a briefing by Deputy Spokesperson Lee Jae-myung of the Presidential Office.

After reviewing the market situation related to the 50 trillion won liquidity supply measures announced on the 23rd of last month with the attendees, President Yoon urged for the swift implementation of the liquidity measures and requested that related agencies jointly conduct thorough monitoring of the market situation.

Regarding future economic and financial risks, President Yoon also called for responsible and timely responses by supervisory authorities and regular official and unofficial inspections.

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