Economic and Financial Ministers' Meeting (F4) "Uncertainty at home and abroad remains...Continued efforts to stabilize the market"

Economic and financial chiefs assessed that internal and external uncertainties remain, including the domestic political situation and the decision on the U.S. benchmark interest rate early on the 19th in Korea time, and decided to continue efforts to stabilize the market and communicate with foreigners.

Deputy Prime Minister Choi Sang-mok, Bank of Korea Governor Lee Chang-yong, Financial Services Commission Chairman, and Senior Vice Chairman of the Financial Supervisory Service held the 8th emergency meeting on macroeconomic and financial issues at the Federation of Banks Hall today.

Participants said the Bank of Korea is supplying unlimited liquidity through the purchase of repurchase securities, and decided to respond sufficiently to reverse market sentiment if necessary while watching the situation 24 hours a day through the TF.

Through interviews with Nihon Keizai, The Economist, and interviews with the British Ambassador to Korea, participants decided to strengthen external communication to prevent recent situations from affecting external credibility and actively explain their efforts to stabilize the market to small business owners, real estate, and construction industries.

The U.S. Chamber of Commerce in Korea recently reaffirmed its foreign confidence in the nation's economic fundamentals, saying it is "not worried at all in the long run," according to the ministry.