Amid Impeachment Crisis, Financial Supervisory Service Chief Says "Increased Financial Market Volatility... Full Organizational Effort Required"

Request to Overseas Offices to "Actively Communicate with Key Investors"

On the 11th, Lee Bok-hyun, Governor of the Financial Supervisory Service (FSS), held a meeting with newly appointed branch chiefs, overseas office heads, and dispatched cooperation officers, urging an all-out response to stabilize the financial market. This measure comes amid growing concerns surrounding the financial market following the failed impeachment in the National Assembly after President Yoon Seok-yeol's emergency martial law situation.

Governor Lee emphasized on the day, "In this severe situation where volatility in the financial and foreign exchange markets has expanded, all organizations of the FSS, including the headquarters, branches, and overseas offices, must unite and respond with full force."

In particular, he instructed the 11 branches (Busan-Ulsan, Daegu-Gyeongbuk, Gwangju-Jeonnam, Daejeon-Sejong-Chungnam, Incheon, Gyeongnam, Jeju, Jeonbuk, Gangwon, Chungbuk, Gangneung) to strengthen communication with local governments, regional related organizations, and financial companies. He also urged special attention to preventing financial crimes exploiting anxiety and resolving financial difficulties of the common people and vulnerable groups.

Regarding the six overseas offices, including New York and Beijing, he requested real-time monitoring of global financial market trends and local assessments of the domestic financial market, with immediate sharing of any unusual matters. The FSS currently operates a 24-hour emergency response system through a hotline established between the headquarters and overseas offices.

Governor Lee instructed the overseas offices to "actively communicate with major investors to sufficiently explain the soundness of the domestic financial market and closely cooperate with local supervisory authorities to ensure that domestic financial companies face no difficulties in overseas business and fundraising."

To the cooperation officers dispatched to local governments, he asked, "As communication channels representing the FSS, support the development of the regional financial industry and play an effective role in livelihood financial issues such as responding to illegal private loans and voice phishing by coordinating with related departments at headquarters."

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