韩国 will closely monitor stock market volatility, warning of excessive concentration in the semiconductor sector

Odaily Planet Daily News The South Korean Ministry of Finance stated that Finance Minister Koo Yun-cheol has held an emergency meeting with the Governor of the Bank of Korea and the head of the financial regulatory agency to address recent sharp fluctuations in the South Korean stock market. The South Korean government stated that it will closely monitor various risk factors that could exacerbate market uncertainty and prevent market volatility from further expanding. Recently, driven by factors such as foreign and institutional profit-taking, adjustments in AI sector expectations, and portfolio rebalancing, volatility in the South Korean stock market has intensified. The KOSPI index triggered its sixth circuit breaker this week since the start of the year.

In a statement, the South Korean government said: "The excessive concentration in the semiconductor industry has become a core factor amplifying financial market volatility, and the impact of fluctuations in the chip sector on the overall market is continuously increasing." (Jin Shi)