Chairman Lee Eog-weon of the Financial Services Commission presided over a meeting with officials from the Financial Supervisory Service, research institutions and market experts on March 11 to go over potential risk factors amid growing volatility seen in the domestic financial markets. At the meeting, Chairman Lee instructed officials to conduct stress tests on various scenarios concerning situations in the Middle East to more thoroughly examine the impact and risk on financial markets, financial businesses, and various industries. While speaking about the importance of being rigorously prepared with contingency plans, Chairman Lee also urged officials to ensure investor protections. The FSC will continue to work closely with policy financial institutions to ensure a seamless operation of the KRW100 trillion-plus market stabilization programs and seek to expand the program if deemed necessary.