Acting Chief Choi Sang-mok Presides at the Financial Director's Meeting (F4)... "Will Preside Every Week"

While the won-dollar exchange rate has hardly stabilized, Acting President Choi Sang-mok attended a meeting on macroeconomic and financial issues, a consultative body of financial chiefs, this morning and delivered a message to the market.

Acting President Choi Sang-mok presided over a meeting on macroeconomic and financial issues with Bank of Korea Governor Lee Chang-yong, Financial Services Commission Chairman, and Financial Supervisory Service Director today and urged institutions to make every effort to conduct 24-hour emergency inspections and response systems in the financial and foreign exchange markets and take bold and prompt market stabilization measures if market volatility increases.

At the same time, he said he will hold weekly macroeconomic and financial issues meetings to check the market.

Amid the fluctuations in the market caused by political turmoil, the macroeconomic and financial affairs meeting chaired by Deputy Prime Minister Choi became a channel to quickly and effectively convey a message to the market, but there were some concerns that the vice minister would be affected by Choi's presence as acting president.