South Korean government holds emergency market status review meeting
BlockBeats news, on November 6, according to Yonhap News Agency, on November 6, South Korean Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho presided over an "Emergency Market Situation Review Meeting", attended by top officials from the four major South Korean economic and financial institutions.
At the meeting, it was proposed to grant a three-month exemption from the mandatory 140% collateral requirement for securities firms’ margin financing. The meeting noted that if stock market volatility increases, additional market stabilization measures will be taken.
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