Overview
- In a meeting with private experts and senior officials, FSC chair Lee Eog-weon said authorities are ready to act preemptively to curb volatility.
- After the Bank of Korea held its policy rate at 2.5% late last month, bond yields have climbed.
- The FSC extended 38 trillion won in bond-market stabilization funds and 61 trillion won in real-estate project financing support into next year.
- The won closed at 1,473.7 per U.S. dollar on Friday, approaching the 1,500 level that has pressured sentiment.
- Officials emphasized economic resilience, citing bank soundness, ample foreign-exchange reserves and managed household debt, while traders wager the easing cycle has ended or could remain prolonged.