Regulatory Alerts2024-12-04 | 83543Added · Updated
FSC Holds Market Monitoring Meeting (Dec. 4)
The Financial Services Commission convened a meeting to address market volatility and announced the deployment of KRW50 trillion in stabilization funds alongside unlimited liquidity support. Authorities will closely monitor foreign currency liquidity and supply funds through the Korea Securities Finance Corporation to mitigate risks associated with a weakening won. Financial institutions and industry groups are instructed to strictly follow contingency plans, prevent market-disturbing behaviors, and enhance internal security controls.
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