Lee Bok-hyun, head of the Financial Supervisory Service, urged on the 2nd, 'Do not be swayed by the domestic political situation and changes in the economic control tower,' and said, 'We will handle key issues without wavering and ensure financial stability under the F4 system centered on the acting Deputy Prime Minister.'
On the 2nd, Lee chaired an 'expanded financial situation inspection meeting' at the headquarters in Yeouido and stated, 'It is an urgent situation ahead of responding to major issues such as economic revitalization and trade negotiations.'
Lee noted, 'Under the uncertainty of trade policy, not only Korea but also the United States' first-quarter Gross Domestic Product (GDP) is shrinking, worsening economic instability, and financial market volatility could expand at any time.' He added, 'We will maintain a 24-hour emergency inspection and response system and respond immediately in cooperation with relevant agencies such as the Ministry of Economy and Finance, the Financial Services Commission, and the Bank of Korea during times of market instability,' and 'We will precisely diagnose the tariff impacts by industry and closely check the difficulties faced by upstream and downstream corporations.'
He further urged, 'We must thoroughly manage to prevent temporary market volatility or local soundness issues from spreading into overall market instability.'
Regarding the SK Telecom hacking incident, he stated, 'We must respond closely centered on the emergency response headquarters to prevent secondary damages such as fraudulent financial transactions,' and 'We will strengthen security checks in the financial sector to prepare for additional cyber attacks.'
Lee said, 'We need to conduct focused inspections on theme stocks that capitalize on the political situation and expanding market volatility,' and 'If necessary, we must prevent investor damage, including issuing consumer damage warnings.'