Yoon says the government. take the necessary measures against financial volatility
President Yoon Suk-yeol said on Friday that the government would take necessary and timely measures to protect people from rising financial volatility.
Yoon made the remarks while chairing a macro-financial meeting with government and business officials, citing an “unprecedentedly strong dollar” and the Federal Open Market Committee’s decision last week to raise the interest rate. ‘interest.
“The level of shock from the crisis that started from external factors will depend on how we respond internally,” he said at the meeting in central Seoul.
“The government will be the first to become more vigilant and take necessary and timely measures in accordance with the emergency measures plan that we have prepared,” he added.
Yoon also said that the current economic crisis should be used as an opportunity to upgrade the country’s economic constitution to one led by the private sector and the market.
“Every time energy prices have jumped, our economy has faced difficulties, so we need to move our industries to a low-energy, high-efficiency structure,” he said, pledging that the government would actively support these corporate efforts. . (Yonhap)