Top 5 Financial Holding Companies Review Emergency Management Plans at High Exchange Rate

Major financial holding companies are considering establishing emergency management plans as the won-dollar exchange rate has risen sharply due to increased uncertainties at home and abroad.The

won-dollar exchange rate jumped to 1,450 won on the prospect of a delay in the U.S. benchmark rate cut last week after rising to 1,430 won due to the emergency martial law crisis earlier this month.

KB Financial Group has decided to set up an additional scenario in which the exchange rate approaches 1,500 won internally.

Shinhan Financial Group has planned its management plan based on its forecast for next year's exchange rate from 1,300 won to 1,450 won, but is considering revising its forecast.

Hana Financial Group and Woori Financial Group are also considering revising their management plans for next year according to the outlook for the high exchange rate.