Exclusive) Government holds emergency F4 meeting ㄷ.jpg

[Exclusive] Government holds emergency F4 meeting in response to stock market crash

The government held an emergency F4 meeting in response to the stock market crash. The government held an emergency review meeting on the 5th in response to the stock market crash and began preparing countermeasures. Depending on market conditions, it was also decided to hold a macroeconomic and financial conference F4 attended by heads of economic and financial institutions. A high-ranking ruling party official said in a phone call with this newspaper that day.

https://www.chosun.com/politics/politics_general/2024/08/05/F6SAX62PYVC5BH3OF3JCL7MFPA/

Deputy Prime Minister for Economy and Finance Choi Sang-mok (third from the left) attended the Macroeconomics and Finance Conference (F4) held at the Bank Hall in Jung-gu, Seoul on the 1st. From the left, Financial Supervisory Service Chairman Lee Bok-hyun, Bank of Korea Governor Lee Chang-yong, Deputy Prime Minister Choi, and Financial Services Commission Chairman Kim Byeong-hwan. /News 1

A senior official in the Presidential Office said, “We had a meeting with relevant ministries last week to prepare for changes in market conditions due to political instability in the Middle East, and we have prepared response plans.” He added, “We are monitoring market trends 24 hours a day according to changes in the financial market and putting in continuance when necessary.” “We plan to activate a plan (situational response plan),” he said.