South Korean Financial Services Commission Chairman: The 100 trillion won stock market stabilization fund will be put into operation at any time

On December 4, according to Jinshi Data, Jin Binghuan, Chairman of the Financial Services Commission of South Korea, stated that all available measures will be taken to ensure the normal and stable operation of the financial market; a stock market stabilization fund of 100 trillion Korean won (approximately 51.5 billion RMB) will be put into operation at any time, and the bond market and Capital Market will maximize the use of the Bond Market Stability Fund with a scale of up to 400 trillion Korean won, as well as corporate bond and Commercial Paper (CP) purchase programs.

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