Deputy Prime Minister Koo Yoon-cheol Signals Resolve for Market Stability at Macroeconomic Meeting

Deputy Prime Minister for Economy Koo Yoon-cheol stated at the Macroeconomic and Financial Policy Meeting on April 30 that the government has sufficient capacity to respond to financial market crises. He added that the government and related institutions would do their utmost to ensure economic and financial market stability even in emergency situations.

The meeting was attended by key economic officials, including the Governor of the Bank of Korea, the Chairman of the Financial Services Commission, and the Governor of the Financial Supervisory Service.

Attendees evaluated the U.S. Federal Reserve's decision to freeze its benchmark interest rate as being in line with expectations.