Chairman Woo Visits Bank of Korea, Says, "Impeachment Political Threats Economic Stabilization..."The Financial Authorities"

National Assembly Speaker Woo Won-sik met with Bank of Korea Governor Lee Chang-yong and urged the financial authorities to take preemptive measures to resolve economic uncertainty amid martial law and impeachment.

Chairman Woo visited the Bank of Korea in Jung-gu, Seoul, and said that the stability and growth potential of the Korean economy could be greatly threatened by the unprecedented situation.

He then stressed that it is time for the Bank of Korea to play an important role in helping the financial authorities' measures to restore and revitalize market confidence.

In response, Governor Lee said that although volatility in the domestic financial market has increased significantly since the declaration of the emergency martial law, it is gradually stabilizing, but we cannot let our guard down, saying it is still not at a safe stage.

He also predicted that if confidence is established that economic policies are separated from political schedules and function normally, the negative impact on the economy can be managed at a tolerable level.