Commissioner Kim Byeong-hwan noted regarding the timing of the securities market stabilization fund (securities fund), "As it serves as a safety net, I think it would be better to do so after the market has autonomously secured some degree of stability."
Commissioner Kim attended a plenary session of the National Assembly's Strategy and Finance Committee on the morning of the 18th and stated, "I will closely monitor the timing of the activation of the securities fund."
In response to a question from Lee Jeong-moon, a member of the Democratic Party, who asked, "Although [it was said the securities fund] would be activated at a scale of 10 trillion won, there has been no communication regarding the actual activation timing," Commissioner Kim replied, "The investment targets for the securities fund include securities-related institutions and banks within the financial holding company framework, and I have already urged that it be activated in a timely manner."
It was also pointed out that even if the activation of the securities fund is decided, it cannot immediately inject 10 trillion won. When Democratic Party lawmaker Kim Yong-man asked, "Isn't the 10 trillion won the amount finance companies agreed to purchase, rather than the amount that can be injected immediately?" Commissioner Kim also responded, "It's not idle funds; it's funds that will be collected after activation."
However, Commissioner Kim stated, "We can inject funds from the securities fund within a short period so that it can adequately play a stabilizing role in the market."