FSC Chairman Koh Seungbeom presided over a meeting on February 22 to review financial market conditions and risk factors amid the escalating tensions and geopolitical risks surrounding the Ukraine-Russia conflict. At the meeting, Chairman Koh said that the heightened geopolitical risks have set stages for growing financial market volatility. Although there appears to be no significant impact on domestic stock markets, Chairman Koh stated that it is important to maintain an emergency response system to be prepared for abrupt changes in situations. In close coordination with the FSS and the KRX, Chairman Koh urged officials to stay alert and closely monitor financial markets opening in the U.S. after the Presidents' day holiday.