FSC Chairman Koh Seungbeom held a meeting to review market trends and risks related to recent volatility in stock markets on January 28. At the meeting, Chairman Koh stated that even though KOSPI's loss over the past five days has been more pronounced than other major stock markets, excessive market anxiety is not warranted given that Korea continues to maintain relatively high growth rate with exports and corporate earnings standing strong in January. As there are a number of external factors that can have effects on domestic financial markets, such as the accelerated pace of Fed's monetary tightening, Russia-Ukraine conflict, spread of the omicron variant and global supply chain disruptions, Chairman Koh said that it is necessary to stay alert and closely monitor markets at home and abroad to help bring down market volatility.