The Financial Supervisory Service of South Korea assesses interest rate hike risks and requests measures to safeguard corporate financing.

Golden Ten Data reported on July 16 that the Financial Supervisory Service of South Korea held a "Financial Situation Assessment Meeting" on the 16th, presided over by its chairman, Lee Chan-jin. The meeting assessed the trends in the financial markets and internal and external risk factors after the Bank of Korea's Monetary Policy Committee raised the benchmark interest rate by 0.25 percentage points. At the meeting, Lee Chan-jin stated that the Bank of Korea's Monetary Policy Committee’s rate hike was in line with market expectations. However, given the recent significant increase in volatility in South Korea's domestic stock market, ongoing geopolitical tensions in the Middle East, and the possibility of further rate hikes by the United States, he emphasized that full preparations must be made to cope with the potential for further expansion of financial market volatility.