Seoul - The vice chief of South Korea's Financial Services Commission (FSC), Kim So-young, affirmed the stability and recovery of the country's financial market during a video conference with global investment banks in Singapore on Tuesday. Kim discussed the country's economic situation and financial strategies moving forward.
According to Yonhap News Agency, Kim highlighted that South Korea is navigating its way through economic recovery while maintaining stability in its financial markets. He emphasized the success of measures such as real estate project financing loans, strengthening the fiscal soundness of financial institutions, and promoting corporate value enhancement programs. Kim reassured that the financial market "firmly remains in stable conditions," backed by the government's capacity to manage potential crises through a 94 trillion-won market stabilization fund. Global investment bank representatives expressed confidence in the ongoing stability of the South Korean market, citing effective governmental measures since late 2022. Kim committed to enhancing communication with the international community to prevent any misconceptions about South Korea's financial environment.