Choi Sang-mok "It is important for political resolution and financial stability of unstable factors related to the suspension of state affairs."

Deputy Prime Minister and Minister of Strategy and Finance Choi Sang-mok said it is most important to stabilize financial markets to quickly resolve internal and external instability over the possibility of a state suspension.

Deputy Prime Minister Choi held a meeting on macroeconomic and financial issues with Bank of Korea Governor Lee Chang-yong, Financial Services Commission Chairman Kim Byung-hwan, and Financial Supervisory Service Chairman Lee Bok-hyun at the Export-Import Bank of Seoul this morning (27th) to check the trends in the financial and foreign exchange markets.

Deputy Prime Minister Choi stressed that related agencies will closely cooperate to check and respond to market conditions around the clock, saying that uncertainties in the financial and foreign exchange markets have increased significantly due to the recent internal and external situations, especially the impeachment of the prime minister.

He added that despite the political situation, he will focus his capabilities on managing the market as stable as possible, and take firm market stabilization measures if the shift in one direction is excessive.