FSC Vice Chairman Kim So-young presided over a meeting with officials from the FSS, the Bank of Korea, financial industry groups and policy financial institutions on November 11 to review current market situation. At the meeting, authorities discussed recent trends in international financial markets, progress of the government’s market stabilization measures announced earlier on October 23 and additional measures to help stabilize the CP (commercial paper) market. As financial markets both at home and abroad are rather sensitively reacting to unexpected market events recently, with heightened market volatility, FSC Vice Chairman Kim So-young urged authorities to closely monitor market situations and act swiftly by maintaining close communication with financial sectors and relevant institutions.