Gov't Vows Stern Action Against Unfair Practices Amid Stock Market Volatility
4 Articles
4 Articles
The Korean government on Friday pledged to take strict action against unfair practices in the capital market amid recent stock market volatility. Officials from the Ministry of Finance and Economy, the Bank of Korea, the Financial Services Commission and the Financial Supervisory Service reviewed recent trends in domestic and global financial markets and discussed possible responses at a market review meeting in Seoul, according to the finance m…
As financial market volatility has increased, the government has decided to strengthen joint real-time monitoring by relevant agencies and take strict action against market disruption. On the 16th, the government held a joint market situation review meeting with relevant agencies at the Government Complex Seoul, presided over by First Vice Minister of Finance and Economy Kwon Dae-young, to discuss domestic and international financial market tre…
In response to the recent sharp decline in the domestic stock market, the government [regarding] the entire financial market, including not only the stock market but also the bond, foreign exchange, and short-term money markets.
As the KOSPI plummeted to the 5,500 level after surpassing the 7,000 mark earlier this month, the government held a joint market situation review meeting with relevant agencies to examine risk factors in the financial market. While the government diagnosed that rising U.S. Treasury yields and uncertainties regarding the conditions of the artificial intelligence (AI) and semiconductor sectors triggered the stock market correction, it assessed tha…
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