Anchor: Financial Services Commission Chairman Yim Jong-yong said Monday that he will actively implement emergency response plans if necessary as signs of instability disturb the nation’s financial market. His remarks come as attention is being drawn to whether the Bank of Korea will freeze or mark down the nation’s key interest rate on Tuesday.
Our Bae Joo-yon has more.
 
Report: Financial authorities have decided to place focus on easing jitters as South Korea's financial market is showing signs of high volatility. 

The signs have emerged in the wake of North Korea’s latest provocations that came on top of concerns of a global economic slowdown and uncertainties over China’s financial market.
 
Financial Services Commission(FSC) Chairman Yim Jong-yong chaired a meeting on Monday to review financial market trends. He stressed that he will implement emergency response plans if market situations worsen and investor sentiment contracts sharply.
 
He then urged related agencies to exert their best efforts and take necessary steps so that investors won’t get overly concerned.
 
In particular, Yim ordered agencies to tighten rules so that securities firms won’t engage in acts of raising market volatility to gain short-term profit.
 
His remarks come a day before the Bank of Korea(BOK) holds its monthly monetary policy meeting to decide whether to freeze or mark down the nation’s key interest rate. 
 
The central bank has kept the benchmark interest rate at one-point-five percent for seven consecutive months. Last June, the bank slashed the rate to the current level—its lowest ever.
 
Some calls have been made for the BOK to mark down the key interest rate as key countries, including Japan, have slashed their interest rates as part of active measures to boost their economies.
 
However, others have also raised concerns that marking down the rate would result in further financial market jitters, including the withdrawal of foreign capital. As a result, it is highly predicted that the central bank will freeze the key rate on Tuesday.
Bae Joo-yon, KBS World Radio News.