South Korean Finance Minister Choi Sang-mok conveyed messages to calm the financial market shock through the F4 (Finance4) meeting for two consecutive days, regarding the declaration and lifting of the emergency martial law. On the 5th, Bank of Korea Governor Lee Chang-yong, Financial Services Commission Chairman Kim Byung-hwan, and Financial Supervisory Service Governor Lee Book-hyun attended the F4 meeting. South Korean financial authorities had previously stated that meetings will be held daily. Participants reaffirmed their position, stating: "We will closely monitor the conditions of the financial and forex markets and take all necessary measures swiftly to stabilize the market if needed." Choi Sang-mok emphasized that in addition to the securities market stabilization fund, which is the largest at 10 trillion won, a 40 trillion won bond market stabilization fund, as well as plans for purchasing corporate bonds and commercial paper (CP) will also be initiated. Meanwhile, the planning and finance ministry stated: "Market participants do not have excessive anxiety and it is necessary to respond calmly and rationally."
韩国金融当局重申：必要时将迅速采取一切措施稳定市场
South Korea's financial authorities reaffirmed that all necessary measures will be taken swiftly to stabilize the market when needed.
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