Chairman Lee Eog-weon of the Financial Services Commission presided over a financial market monitoring meeting held on October 1 with officials from related organizations and industry experts. At the meeting, officials discussed the impact of global rate hikes on financial markets and industries and went over potential risk factors and response strategies. Speaking about the shifting monetary policy amid global inflation, changes in the AI and semiconductor sectors, and uncertain geopolitical situation in the Middle East, Chairman Lee said that it is necessary to stay vigilant and be thoroughly prepared for potential risks. To make sure that financial markets continue to stay stable and resilient, Chairman Lee urged authorities to look into every potential tail risk and have contingency plans ready.