▲ Deputy Prime Minister and Minister of Economy and Finance Lee Hyung-il (from left), Financial Services Commission Chairman Lee Uk-won, Financial Supervisory Service Governor Lee Chan-jin, and Bank of Korea Deputy Governor Kwon Min-soo arrive at an emergency market inspection meeting held at the Government Complex Seoul in Jongno-gu, Seoul, on the 6th.
As the stock market plummeted amid growing concerns over AI data center regulations following the U.S. midterm elections, relevant authorities have decided to exempt securities firms from the obligation to maintain a 140% margin call collateral ratio for three months.
The exemption will take effect from the 9th to prevent a sharp increase in forced liquidations driven by steep stock price drops, which could otherwise amplify market volatility.
The Ministry of Economy and Finance announced that Deputy Prime Minister and Minister of Economy and Finance Lee Hyung-il, Financial Services Commission Chairman Lee Uk-won, Financial Supervisory Service Governor Lee Chan-jin, and Bank of Korea Deputy Governor Kwon Min-soo reached the consensus during an emergency joint market situation inspection meeting held at the Government Complex Seoul today.
The authorities plan to closely monitor excessive anxiety and supply-demand imbalances, preparing additional measures to stabilize the market if volatility further intensifies.
They also decided to continue policy efforts to fundamentally improve the structure of the domestic capital market, such as enhancing corporate value and building trust in the capital market.
According to the Ministry of Economy and Finance, meeting participants shared the view that the stock price declines following the midterm elections are the result of a combination of external factors, including policy uncertainties surrounding the AI industry—such as concerns over AI data center regulations—and a contraction in global investor sentiment, with the domestic stock market reacting excessively to these external factors.
Viewing the growing volatility in global stock markets with utmost gravity, they agreed to monitor the semiconductor industry, major countries' policy trends, and domestic and international stock markets and capital flows in real-time, while actively responding to prevent market anxiety from spreading.
(Photo: Yonhap News)
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