Kim Byung-hwan, chairman of the Financial Services Commission, said he will prepare to ensure that market safety measures, including a stock market stabilization fund worth 10 trillion won, can be operated immediately at any time.
The Financial Services Commission held a meeting on macroeconomic and financial issues presided over by Chairman Kim Byung-hwan this morning.
At the meeting, Chairman Kim said he would supply unlimited liquidity until market conditions stabilize, including a 40 trillion won bond market stabilization fund and a program to purchase corporate bonds and corporate bills, in addition to the 10 trillion won stock market stabilization fund.
Chairman of the states Affairs Commission Kim also stressed that the government and institutions will take all measures quickly, asking the people to respond calmly and calmly.
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