Key economy-related government bodies and top financial regulators have discussed ways to respond to risks in both domestic and overseas financial markets during the Chuseok holidays beginning Saturday.
 
Friday’s meeting was attended by officials from the ministries of finance as well as industry and trade, the Financial Services Commission, the Bank of Korea, the Financial Supervisory Service and the Korea Center for International Finance.
 
Though the domestic financial market will remain closed during the ten-day Chuseok holiday, participants discussed response measures as transactions related with South Korea will continue to take place in overseas financial markets during the holidays.
 
The meeting was also held to map out preparations for possible volatility in the domestic market after the holidays stemming from developments in overseas markets.
 
In particular, participants shared the view that financial market uncertainties stemming from North Korea-related factors are high, citing that the reclusive state will mark the founding of its ruling party on October tenth.
 
Due to such concerns, the government and key financial bodies plan to exert all-out efforts on managing risks both at home and abroad during the holiday period and maintain around-the-clock monitoring and emergency stand-by.