FSC Chairman Kim Joo-hyun presided over a meeting with FSC officials on November 25 to check financial market conditions following the Bank of Korea's recent base rate hike of 25 bps. At the meeting, FSC officials checked year-end risk factors in financial markets and discussed response strategies. Authorities evaluated that the Bank of Korea's 25 bp rate hike yesterday was largely in line with market expectations and that the recent turmoil in domestic credit market appears to be stabilizing somewhat due to expectations about a slower pace of monetary policy tightening at home and abroad and implementation of a series of market stabilization measures. However, as there are looming risks and uncertainties, authorities agreed to preemptively prepare and respond to both external and internal risks in order to prevent market anxieties from spreading.