Vice Chairman Kim So-young presided over a financial risk assessment meeting jointly held with the Financial Supervisory Service and the Korea Deposit Insurance Corporation on May 18 and went over recent financial market situations and risks while checking potential risks and response capabilities of financial companies. In his opening remarks, Vice Chairman Kim said that the current economic and financial conditions surrounding the Korean economy are not so favorable both internally and externally as this meeting was the first item on his schedule on the very first day of his tenure as the Vice Chairman of the FSC. To be able to respond to complex crisis in a timely manner, Vice Chairman Kim said that the authorities will strengthen monitoring of financial markets while closely monitoring potential risks of financial companies and even the risks associated with the real economy such as the household and corporate sectors.

* Please see press release for details.