Acting president urges heightened vigilance despite easing volatility in market

Acting President Choi Sang-mok, second from right, attends a meeting with the governor of the Bank of Korea and the heads of the Financial Services Commission and the Financial Supervisory Service in Seoul, Jan. 10, in this photo provided by the ministry. Yonhap

Acting President Choi Sang-mok, second from right, attends a meeting with the governor of the Bank of Korea and the heads of the Financial Services Commission and the Financial Supervisory Service in Seoul, Jan. 10, in this photo provided by the ministry. Yonhap

Acting President Choi Sang-mok on Friday urged continued vigilance despite slight easing of volatility in the country's financial and foreign exchange markets.

"Although volatility in the financial and foreign exchange markets has recently shown signs of easing, the situation remains uncertain given both domestic and external risks," Choi said during an economic meeting attended by the Bank of Korea governor and the heads of the Financial Services Commission and the Financial Supervisory Service.

He called on all relevant institutions to maintain a high level of alertness and conduct 24-hour monitoring and response efforts, emphasizing the need to manage the economy as stably as possible.

Additionally, Choi stressed the importance of accelerating efforts to modernize the capital market, including improving corporate governance.

Choi, who also serves as deputy prime minister for economic affairs and finance minister, has said he will convene the meeting with top economic officials every week to assess the situation amid the political unrest stemming from President Yoon Suk Yeol's short-lived martial law and his subsequent impeachment last month. (Yonhap)

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