The Financial Services Commission and the Financial Supervisory Service announced that they will hold the 8th Korea-Japan Financial Supervisory Regular Meeting in Tokyo, Japan, on the 16th and 17th.
During the high-level meeting of the regular meeting on the 16th, Financial Supervisory Service Head Lee Bok-hyun and Minister Ito Hideki exchanged views on the global economic and financial situation and key issues in the capital markets of both countries.
Head Lee noted, “Despite recent domestic political uncertainties, the markets have generally stabilized as a result of the Korean financial authorities' proactive market stabilization measures,” and added, “The Korean government will continue to implement preemptive market stabilization measures to manage the current situation in a consistent and stable manner.”
He also stated, “From a long-term perspective, to enhance market confidence, we will consistently pursue currently underway capital market advancement tasks, such as improving corporate governance and value-up programs.”
The Korean financial authorities plan to strengthen cooperation in financial supervision while actively explaining Korea's financial and economic situation and the direction of financial authorities' policies, maintaining continuous communication with major financial authorities, including the Japanese Financial Services Agency.