Chairman Lee Eog-weon of the Financial Service Commission met with Standard Chartered Group CEO Bill Winters at his office in Seoul Government Complex on March 13.

At the meeting, FSC Chairman Lee and SC Group CEO Winters exchanged views on the global impact of deepening geopolitical crisis in the Middle East. While speaking about uncertainties regarding the Middle East situation, SC CEO Winters spoke about the need for comprehensive response from governments and expressed interest in the Korean government’s swift and agile response measures. In this regard, FSC Chairman Lee gave explanations on how the Korean government has been handling and responding to the situation—by operating a 24-hour monitoring system led by a joint inter-agency taskforce and ensuring an active implementation of the KRW100 trillion-plus market stabilization programs—to ensure financial market stability and minimize impact on the real economy.

SC Group CEO Winters also expressed interest in the strong performance shown by Korean stock markets recently.

In this regard, FSC Chairman Lee shared key policy directions regarding the Korean government’s productive finance initiative and asked for continuous support from SC Group.

* Please refer to the attached PDF for details.