A scheduled policy consultation between the Financial Services Commission (FSC) and the Democratic Party of Korea has been postponed as authorities prioritize responding to sharp declines in the KOSPI index triggered by escalating tensions between the United States and Iran.
The Democratic Party announced on the afternoon of January 4 that the meeting, originally set for January 5 at the National Assembly, would be rescheduled. "We decided to adjust the schedule as responding to the recent volatility in financial markets takes priority," a party official said.
The meeting was to include Democratic Party policy officials led by Policy Committee Chair Han Jung-ae, party members of the National Assembly's Political Affairs Committee, and members of the party's Digital Asset Task Force. The government side was to be represented by FSC Chairman Lee Eok-won and other officials.
The consultation had been expected to review current stock market conditions and response measures, as well as discuss legislation including a proposed basic act on digital assets.