Chairman Kim Joo-hyun of the Financial Services Commission held a meeting with senior FSC officials on April 15 to check financial market conditions and discuss response measures in the wake of the Iran-Israel military conflict in the Middle East. At the meeting, participants shared a common view that the current conflict situation in the Middle East is unlikely to have a direct impact in the short-term, as domestic financial companies' exposures to these countries remain low and the financial sector's foreign exchange financing conditions remain stable. However, as there are great uncertainties regarding how the situation will unfold in the future, participants pledged to strengthen market monitoring, ensure prompt implementation of market stabilization programs currently in place, and seek close cooperation with relevant ministries to draw up additional response measures if needed. Since financial market conditions remain solid and the government is equipped with a sufficient level of  response capacity, Chairman Kim said that market participants need not worry too much about the current situation.