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| ▲ This undated photo shows Kim So-young, vice chairman of the Financial Services Commission (FSC). (Yonhap) |
market stabilization-measures
S. Korea to extend market stabilization measures till next year
SEOUL, Nov. 13 (Yonhap) -- South Korea will extend its market stabilization measures, including the 20 trillion-won (US$14.2 billion) bond market stabilization fund, until next year to prepare for any market volatility, the country's financial regulator said Wednesday.
According to the Financial Services Commission (FSC), a total of 37.6 trillion won worth of market stabilization measures will be in place through 2025.
"The possibility of extreme financial instability arising has been reduced, but political and geopolitical uncertainties around the globe heightened," FSC Vice Chairman Kim So-young said in a statement.
The local financial market has been roiled after Donald Trump won the U.S. presidential election, as investors worry about his incoming administration's policies, which will likely have negative impacts on chipmakers and EV battery makers.
Trump's policies, such as higher tariffs and tax cuts, are also feared to slow the Federal Reserve's rate cut pace out of worries over higher inflation.
The commission said local institutions' 53.7 trillion-won loan extensions for real estate stabilization will also be maintained until June next year.
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