Vice Chairman Kim So-young presided over a joint market monitoring meeting with relevant securities institutions on July 1 to examine financial market conditions after the market closing amid a recent increase in stock market volatility. At the meeting, the authorities decided to implement the following measures to mitigate market volatility--(a) 3-month exemption of the requirement to maintain a certain level of collateral ratios on credit loans for securities firms and (b) 3-month easing on the cap of the amount of daily buy orders for acquisition of treasury stocks by listed companies.

* Please see press release for details.