Commissioner Kim Byeong-hwan noted on the 23rd that "market volatility could change rapidly depending on the progress of future events, such as the blockade of the Strait of Hormuz," and urged that "financial authorities and related agencies should work closely together to remain vigilant in the face of even small fluctuations and focus all efforts on stabilizing the market."
On that day, the Chairperson Kim attended an emergency monitoring meeting regarding the capital market situation held at the Government Seoul Building in Gwanghwamun, Seoul, and said, "The leap of our capital market is based on stability, which is its starting point and foundation."
At this meeting, the Financial Services Commission, Financial Supervisory Service, and Korea Exchange urgently examined the foreign perspective on the U.S. military intervention in Iran and the supply and demand conditions of foreign and institutional investors within the domestic stock market and discussed future response directions.
Related agencies diagnosed that the recent domestic stock market has shown a solid momentum and a good supply structure due to expectations of the new government, despite Israel's airstrike on Iran on the 13th. However, they assessed that following the U.S. military intervention on the 22nd of this month, concerns about Iran's response have increased uncertainty, which could heighten volatility in the domestic stock market.
Meeting participants emphasized the need to establish a close cooperation system between financial authorities and related agencies and to significantly strengthen market monitoring. They also agreed on the importance of closely monitoring unfair transactions targeting market uncertainty, stating that strict measures without tolerance are necessary when unfair transactions are detected.
The Financial Services Commission also noted that there was a consensus on the need to promptly advance commitments related to activating the capital market to maintain and spread the upward momentum of our stock market.