Vice Minister of Economy and Finance Urges Key Countries' Finance Ministers to "Maintain Close Communication with Host Country Investors"
Kim Beom-seok, First Vice Minister of Strategy and Finance, held a video conference on the afternoon of the 4th at the Government Seoul Office with financial and economic attach?s (Jaegyeong-gwan) dispatched to major countries' embassies.
The purpose was to check the reactions of major countries regarding the unstable situation of our financial market, which showed signs of instability due to the declaration and lifting of martial law.
The meeting was attended by 10 Jaegyeong-gwan stationed in the United States (Washington, New York), China (Beijing, Shanghai), Japan, Germany, the United Kingdom, France, Belgium, and Russia.
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The Jaegyeong-gwan shared analyses from major investment banks (IB) indicating that the negative impact would be temporary, and Vice Minister Kim urged, "Please communicate closely with the host country governments, local companies, and investors to prevent unnecessary misunderstandings about our economy and financial market."
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