Vice Chairman holds market monitoring meeting with relevant authoritiesJan 12, 2023

FSC Vice Chairman Kim So-young presided over a meeting with the Financial Supervisory Service and policy financial institutions on January 12 to check the corporate bond and CP market conditions and discuss market stabilization measures. At the meeting, officials shared a common view that the corporate bond and CP market conditions have been improving recently as interest rates on corporate bonds and CPs are continuing to decline. Authorities said that the various market stabilization programs introduced last year still have KRW40 trillion or more in their support capacity and that they will be actively utilized to support market stabilization efforts. Vice Chairman Kim said that financial authorities will regularly meet to check financial market situations in 2023 and closely communicate with relevant authorities and financial sectors to preemptively respond to market situations. In 2023, Vice Chairman Kim also said that it is necessary to stay vigilant for newly emerging risk situations, such as risk contagion from the real economy to financial sector or expansion of risk originating from advanced or emerging economies.