Vice Chairman Kim Soyoung of the Financial Services Commission held a meeting on November 13 with related organizations and market experts to go over economic and financial market conditions at home and abroad in the wake of U.S. presidential elections and Fed’s monetary policy pivot and discuss policy responses to ensure market stability. At the meeting, Vice Chairman Kim said that it is necessary to maintain backstops in order to be prepared for the potential of rising uncertainty and volatility in the market. Therefore, Vice Chairman Kim said that the market stabilization programs currently in place will continue to be operated at the same level in 2025. At the meeting, Vice Chairman Kim also announced plans to extend the period of the temporarily eased regulations currently in place to facilitate a soft-landing in the real estate project finance market. As the restructuring and liquidation of real estate development projects are currently taking place, the availability of the temporarily eased regulations, which is set to expire at the end of 2024, will be extended until June 2025, with specific plans for normalization expected to be determined in the first half of 2025 after considering market conditions.