▲ Deputy Prime Minister and Minister of Economy and Finance Lee Hyung-il speaks during a ministerial meeting on external economic affairs held at the Government Complex-Seoul in Jongno-gu, Seoul, on the 6th.
Deputy Prime Minister and Minister of Economy and Finance Lee Hyung-il has expressed his commitment to taking active measures to curb excessive volatility in the domestic stock market.
Presiding over the ministerial meeting on external economic affairs at the Government Complex-Seoul this morning (the 6th), Deputy Prime Minister Lee stated, "Relevant agencies will preemptively devise and timely implement necessary measures so that our stock market does not overreact compared to economic fundamentals."
Noting that the U.S. midterm elections held on the 3rd local time serve as an important turning point for the global economy, he mentioned, "U.S. stocks fell sharply yesterday due to concerns over tighter regulations on the AI industry, and the possibility of spillover effects on global stock markets cannot be ruled out."
"Experts predict that AI investments will continue, and our economic fundamentals are more solid than ever," Lee said, adding, "The government will closely monitor external uncertainties while creating new opportunities for cooperation."
He announced plans to monitor trade measures by the U.S. administration, such as tariffs and export controls, as well as changes in industrial support policies that require congressional legislation and budget deliberation, to preemptively assess their impact on South Korean companies.
He added that through close cooperation among relevant ministries, the existing South Korea-U.S. trade agreement will be stably implemented, and communication with the U.S. administration, Congress, and state governments will be strengthened to support stable exports and investments while expanding opportunities in strategic industries such as shipbuilding and energy.
(Photo: Yonhap News)
※
Copying, redistribution, and unauthorized use in AI training are strictly prohibited.