Choi Sang-mok "The martial law crisis, economic impact is more limited than expected"

Deputy Prime Minister and Minister of Strategy and Finance Choi Sang-mok said, "I think the impact on our economy is more limited than I thought."

Deputy Prime Minister Choi said in an urgent questionnaire held at the National Assembly yesterday (11th), "It is difficult to say that the economy is in a slowdown phase."

Asked about measures to calm the exchange rate, Choi said foreign exchange authorities could not think about a certain level, adding, "We are doing our best to stabilize the market through smoothing operations, or fine-tuning, that is, used in any country when there are sharp fluctuations."

At the same time, we were a net creditor during the financial crisis in the past, but recently we are a net creditor, and the foreign exchange situation is very different from the past crisis situation.

When asked if he was thinking of investing in the domestic stock market by the National Pension Service, he said, "The National Pension Service is about managing the assets of the people, so it is about investing according to the mission given to the National Pension Service."

Deputy Prime Minister Choi said, "I attended the Cabinet meeting before the declaration of the emergency martial law on the night of the 3rd, and I was very surprised," adding, "As a minister in charge of the economy, I strongly opposed it because I expected that there would be a huge negative impact on foreign credibility and the economy."