According to Odaily, South Korea's financial regulatory authorities are set to enhance their market surveillance, with a particular focus on stocks linked to Donald Trump and the increasing volatility in the cryptocurrency sector. This decision follows the recent U.S. election results and the latest statement from the Federal Reserve's Federal Open Market Committee (FOMC).
During a meeting held on November 8, the Financial Supervisory Service (FSS) Director, Lee Bok-hyun, emphasized the necessity of taking stringent measures against market manipulation and the dissemination of unfounded rumors, should there be evidence to support such actions. The FSS is committed to maintaining market integrity and ensuring that any activities undermining market stability are addressed promptly and effectively.
The heightened scrutiny by South Korean regulators reflects a broader concern over the potential impact of political developments and economic policies on financial markets. As global markets react to the evolving political landscape in the United States, South Korea is taking proactive steps to safeguard its financial system from undue influence and volatility. The focus on cryptocurrency volatility also underscores the growing importance of digital assets in the global financial ecosystem and the need for robust regulatory frameworks to manage associated risks.