Vice Minister Ki-jae Holds Briefing for Local Global Investors in London

On the 5th (local time), Kim Byung-hwan, First Vice Minister of the Ministry of Economy and Finance, held a briefing session for local global investors in London and discussed the current status and future plans for the promotion of the foreign exchange market structure improvement.

Vice Minister Kim accepted investors' opinions that the risk of settlement failure of foreign exchange payments should be managed according to global standards, and decided to promote related foreign exchange system improvements within the first quarter. The specific measures will be announced later this month after consultations between the Ministry of Economy and Finance and related agencies such as the Financial Services Commission and the Bank of Korea.

He also clarified misunderstandings among some foreign investors that the scale of foreign exchange hedging available when foreign financial institutions invest in won-denominated assets is limited to the scope of actual demand (the value of the invested won assets) during this briefing session.

Vice Minister Kim emphasized that the ongoing foreign exchange market structure improvement measures are an important first step to raising foreigners' accessibility to the won to the level of advanced currencies, and that he will continuously listen to investors' opinions and improve the foreign exchange system and infrastructure.

He added that efforts are also being made to fundamentally enhance the attractiveness of the Korean capital market through programs such as the 'Corporate Value-Up Program.'

The attendees evaluated that the government's efforts will greatly contribute to enhancing the attractiveness of the Korean capital market and expressed their active support.

This content was produced with the assistance of AI translation services.