April 21, 2024
Economy
FSC sees no need for anxiety on financial markets
[THE INVESTOR] South Korea’s top financial regulator assured local and foreign investors on March 10 that the unprecedented impeachment of the country’s president won’t deal a serious blow to the financial markets.
Yim Jong-yong, chairman of the Financial Services Commission, stressed the nation’s financial markets have experience in successfully riding out a more difficult situation. He also cited a “general assessment that the current financial fundamental is sounder than at any other time.”
“There is no need for domestic and foreign investors as well as workers in the financial circles to have any anxiety about our financial markets,” said Yim.
He was speaking at an emergency meeting of senior FSC officials held shortly after the Constitutional Court‘s decision to uphold the National Assembly’s impeachment of former President Park Geun-hye.
(theinvestor@heraldcorp.com)
Yim Jong-yong, chairman of the Financial Services Commission, stressed the nation’s financial markets have experience in successfully riding out a more difficult situation. He also cited a “general assessment that the current financial fundamental is sounder than at any other time.”
“There is no need for domestic and foreign investors as well as workers in the financial circles to have any anxiety about our financial markets,” said Yim.
He was speaking at an emergency meeting of senior FSC officials held shortly after the Constitutional Court‘s decision to uphold the National Assembly’s impeachment of former President Park Geun-hye.
(theinvestor@heraldcorp.com)
