Monday, February 13, 2017

'Missile' government "Market abnormality occurs, firm action."



[Korea financial newspaper choice is a reporter] The government last 12 days North Korea's ballistic missiles and related "if the abnormality occurs in our economy, including market jitters will prompt and decisive action depending on the circumstances specific response plans," said 13 days.

As such, the government said it held a "joint jeomgeomban authorities' meeting Wednesday morning with the Ministry of Strategy and Finance Secretary yichanwoo presiding.

Check the meeting, there was a base portion and typically the Ministry of Industry, Finance Committee, and the visual impact on the financial markets and the real economy, the Bank of Korea, Financial Supervisory Service, the international financial center and international officials attended the North with respect to missile launches.

Once the government has decided gotta fired missiles on Sunday, did not open the market did not have a direct impact on the domestic financial market.

The effects, such as North Korea's past nuclear tests and missile launches provocative crazy like our financial markets has highlighted that the temporary and limited. September 9 last year, North Korea's nuclear test at the time of 5 weeks or even interest rates, the exchange rate has recovered after the previous bar one state but influenced 2-5 trading days.

The government just "past and can not rule out the possibility also be deployed in other aspects according to the response of the States concerned the future." "In particular, this Trump first US missile provocations of North Korea launched after the administration," said he said.

The government is planning to operate a 24-hour monitoring system through a joint jeomgeomban authorities to closely monitor the domestic financial and real economic trends. Another government-economic emergency response task force (TF), decided to hold meetings from time to time also check economic issues.

Relevant ministries, including the Ministry of Strategy and Finance official said, "as to strengthen the communication with foreign investors and foreign, based on the credit rating will affect the credibility and ensure thorough haguk for investor sentiment."



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