South Korea's Financial Supervisory Service held a financial-situation meeting
on the 16th, chaired by FSS chief Lee Chan-jin, to assess market moves after the
Bank of Korea MPC raised its policy rate by 25bp. Lee said the BOK hike was in
line with market expectations but warned that sharply higher domestic equity
volatility, ongoing Middle East geopolitical tensions and the risk of further US
rate hikes warrant preparedness and measures to safeguard corporate financing
and limit potential wider market stress.
