Choi Sang-mok "Sustainability of external uncertainty for the time being...Ensure risk management"

[Anchor]
Deputy Prime Minister and Minister of Strategy and Finance Choi Sang-mok held a macroeconomic finance meeting this morning with the BOK governor and the Financial Services Commission chairman in attendance.

The government said external uncertainty could persist for the time being, and said it would do its best to manage risks with close cooperation from related agencies.

Let's listen to Deputy Prime Minister Choi's remarks.

[Choi Sang-mok / Deputy Prime Minister and Minister of Strategy and Finance: Global financial markets were generally stable early this morning as the results of this meeting (FOMC) were accepted at expected levels and the ripple effects of the U.S. presidential election results eased. However, uncertainties remain with regard to global economic growth, inflationary trends and monetary policy stances in major economies due to the strengthening of protectionism in the future, along with geopolitical risks such as the Middle East and Ukraine.The 24-hour joint inspection system of related agencies, which has been operated mainly in the Middle East situation, will be expanded to the financial and foreign exchange markets, and if market volatility expands excessively, we will actively respond according to the situation-specific response plan.]