Finance Minister Koo Yun-cheol discussed market stabilization measures in Seoul on Friday amid rising global interest rates and renewed Middle East tensions. Officials said higher government bond issuance and corporate bond sales by global AI businesses were adding upward pressure on rates. They also warned that rising crude oil prices could increase volatility and said they would protect vulnerable borrowers from rate hikes. The government delayed a planned KOSDAQ listing threshold increase from January to July next year.
Finance Minister Koo Yun-cheol speaks during a meeting with financial officials at Korea Federation of Banks in Seoul, Friday. Courtesy of Ministry of Finance and Economy
Korea's finance minister on Friday discussed measures to stabilize financial markets amid growing concerns over rising interest rates and heightened volatility in global markets amid renewed tensions in the Middle East.
Finance Minister Koo Yun-cheol reviewed the latest developments in global and domestic financial markets with relevant officials, according to the Ministry of Finance and Economy.
During the meeting, the participants assessed that upward pressure on interest rates has continued due to increased government bond issuance around the globe and corporate bond sales by global artificial intelligence (AI) businesses.
