Financial Supervisory Service "Possible market instability due to rising exchange rates...Supporting Export Companies"

The Financial Supervisory Service (FSS) recently announced its plan to support exporters as there is a possibility of market instability due to rising exchange rates.

The Financial Supervisory Service held a financial situation inspection meeting today (27th) to discuss countermeasures after checking the recent surge in exchange rates and year-end fund market trends.

Regarding the financial situation, it was evaluated that there was no large-scale movement of funds in the financial sector or the retirement pension, which has a concentrated maturity at the end of the year, and the conditions for issuing corporate bonds were favorable.

However, he diagnosed that support is needed to prepare for the possibility of market instability caused by a rise in the exchange rate.

In response, the government plans to support exporters in the banking sector, such as extending the maturity of foreign currency loans, raising the limit on forward exchange positions of financial companies, and easing restrictions on the use of foreign currency loans.