Financial Authorities of Korea and Japan Hold 8th Shuttle Meeting

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Financial Authorities of Korea and Japan Hold 8th Shuttle Meeting Dec 16, 2024

The Financial Services Commission and the Financial Supervisory Service announced that the 8 th Korea-Japan shuttle meeting of financial authorities of Korea and Japan is held on December 16-17 in Tokyo, Japan.

Joint Press Release of the Eighth Korea-Japan Shuttle Meeting of Financial Services Commission and Financial Supervisory Service of the Republic of Korea and Financial Services Agency of Japan (Tokyo, Japan, September 16, 2024)

1. The Eighth Japan-Korea Shuttle Meeting was held by the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) of the Republic of Korea and the Financial Services Agency (FSA) of Japan in Tokyo, Japan, on December 16.

2. At the Shuttle Meeting, Mr. LEE Bokhyun, Governor of the FSS of the Republic of Korea and Mr. ITO Hideki, Commissioner of the FSA of Japan exchanged views on the global economic and financial situation and its impact on Korean and Japanese financial institutions. They also exchanged views on the recent developments in their respective markets.

3. Commissioner Ito welcomed Governor Lee’s visit to Japan, recognizing the importance of maintaining timely and close communication between the financial authorities of Japan and Korea for the stability of the financial market in the East Asian region.

4. Governor Lee reaffirmed the importance of both countries’ cooperation and coordination in enhancing financial stability in the region, introducing the Korean authorities’ measures to stabilize the financial markets in the wake of the recent market fluctuations, as well as their next steps to address them going forward.

5. In view of the coming 60th anniversary of the normalization of relations between the Republic of Korea and Japan in 2025, they reaffirmed that the authorities of both countries will continue to work together to respond effectively to common opportunities and challenges in the financial sector, anticipating that this shuttle meeting will continue to provide an important platform for this end.

• Please refer to the attached PDF for details.

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