Deputy Prime Minister and Minister of Economy and Finance, Choi Sang-mok, convened an Emergency Meeting on Macroeconomic and Financial Issues (F4 Meeting) at 11:40 PM on December 3, 2024 (Tuesday) at the Korea Federation of Banks building. The meeting was attended by the Governor of the Bank of Korea, the Chairman of the Financial Services Commission, and the Governor of the Financial Supervisory Service. During the meeting, DPM Choi announced that all available measures for stabilizing the financial and foreign exchange markets, including unlimited liquidity support, would be mobilized to address potential market instability following the declaration of martial law.

Starting today, F4 Meeting will be held daily to establish a constant risk management system. Additional market stabilization measures will be promptly announced by each institution after review, starting from this morning.

The participants emphasized their commitments to making every possible efforts to ensure the stability of the national economy under any circumstances.

Please refer to the attached files.