The FSC Vice Chairman Choo Kyungho convened an FSC/FSS emergency meeting at 1:30 pm after North Korea had launched its long- range rocket at 9:51 am Wednesday on December 12, 2012 to discuss the effects of the launch on Korea’s financial market and measures to be taken to keep market stability.

As the launch on December 12 has been widely expected, Korea’s financial market remains stable even after the announcement of the rocket launch.1 Market experts view the rocket launch will have a limited impact on Korea’s financial market as North Korea’s previous attempts to test its long-range missile did.2

The FSC/FSS will continue to monitor domestic and overseas financial market situations and execute contingency measures to stabilize markets if needed.

 *Please read the attached file for details.