Choi Sang-mok, acting president and Minister of Economy and Finance, said on the 20th, "While continuously operating the joint 24-hour market monitoring system, carefully check the policy trends of major countries, including the United States, and the impacts on our economy."
On that day, acting president Choi held a 'Macroeconomic and Financial Issues Meeting (F4 Meeting)' at the Government Seoul Complex to discuss domestic and international financial and foreign exchange market trends following the U.S. Federal Open Market Committee (FOMC) results and future response measures.
Attendees included Lee Chang-yong, governor of the Bank of Korea, Lee Bok-hyun, head of the Financial Supervisory Service, and Kim So-young, vice chair of the Financial Services Commission.
Participants assessed that "the domestic financial and foreign exchange markets have eased somewhat in volatility." However, they agreed that there is a need to maintain vigilance due to ongoing external uncertainties, including the imposition of mutual tariffs by the United States on the 2nd of next month, concerns over global economic slowdown, geopolitical factors like those in the Middle East and Ukraine, and adjustments in monetary policy by major countries.
Acting president Choi noted, "In order to maintain external credibility, relevant ministries should work together diligently," and added, "This month, hold an investment briefing for overseas investors related to 'world government bond index (WGBI) inclusion' among other efforts to actively communicate with the market to expand the demand base, and thoroughly manage to ensure that the resumption of short selling and the establishment of alternative trading platforms proceed without any issues."
He also instructed, "Ensure that the housing market stabilization measures announced the previous day are implemented without any issues, and closely monitor the real estate market conditions in conjunction with relevant ministries until the market stability is firmly established."