BNK Financial Group held a management meeting on the 7th with Chairman Bindaein, managers, and department heads to review domestic and international financial market trends following the U.S. mutual tariff measures, and announced on the 8th that it has activated the Crisis Management Committee for ongoing responses.
The Crisis Management Committee plans to closely monitor the situation and impact on export corporations in the Busan, Ulsan, and South Gyeongsang provinces that are directly affected by the U.S. mutual tariff imposition, as well as corporations involved in transactions due to increased exchange rate volatility.
The committee will also gather opinions on crisis management, including contingency plans based on analysis of money market trends and exchange rate fluctuations, and plans to continuously manage through group representative meetings to establish a rapid response system at the group level.
A group official noted that "as market volatility is expected to increase for the time being, plans are in place to strengthen the essential functions of regional finance to ensure the stability of the Busan-Ulsan-Gyeongnam economy, which has a high proportion of exports and manufacturing."