Chairman Kim Byoung Hwan of the Financial Services Commission convened a meeting on December 9 with officials from the Financial Supervisory Service, five major financial holding companies, policy financial institutions, and related organizations and industry associations to check market situations and discuss response measures. At the Ministerial Meeting on Economic Affairs held the day before, the government announced that the economic team will spare no effort in ensuring a stable management of the economy despite looming uncertainties caused by recent political situations. In this regard, FSC Chairman Kim said that the FSC and the FSS will continue to carry out their responsibilities in unwavering ways to ensure the maintenance of stability in Korea's financial system and the external credibility in the financial sector. Speaking about the important role played by financial holding companies, Chairman Kim urged them to closely look into the liquidity and soundness conditions of their own subsidiaries, while working to also make sure that there is no contraction of economic activities from businesses and other market participants.