The Korea Exchange held an urgent market inspection meeting at 5 p.m. on the 22nd and noted that it reviewed the impact of U.S. airstrikes on Iran's nuclear facilities on the domestic securities market.
The exchange decided to form and operate a 'Market Operation Emergency Response Committee' to prepare for potential increases in market volatility and ensure stable market operations. This committee is chaired by Chairperson Jeong Eun-bo and is composed of the heads of the KOSDAQ, transactions, commodity prices, derivatives, clearing and settlement, and future business divisions, as well as the market monitoring chairperson and a permanent auditor.
The exchange plans to continue close monitoring of domestic and international market trends and the flow of funds around the securities market and other domestic and international market indicators. It will also ensure the stable operation of IT systems and timely implementation of market stabilization measures such as volatility dampening devices, side cars, and circuit breakers, and strengthen market surveillance against unfair trading exploiting uncertainties in the securities market.
Furthermore, the exchange plans to actively respond in close cooperation with relevant authorities in the event of increased market uncertainties due to sudden changes in market conditions.