BOK Governor Lee Ju-yeol warns that potential financial risks will be revealed this year

Bank of Korea Governor Lee Ju-yeol said in a New Year’s Address for Pan-Financial Institutions on the 5th, “The potential risks from policy authorities and financial sector liquidity supply and interest repayment deferral measures are expected to emerge this year. He emphasized.

Governor Lee said, “With the high debt level and widening gap between finance and real, the market can be shaken significantly even with a small impact,” he said. “We need to take a closer look at the vulnerable areas of the financial system.”

They ordered to actively prepare for the changes in the financial industry accelerated by Corona 19.

Governor Lee said, “Through innovative finance, we need to put all our efforts into preparing for the transition to the digital and untouched era.

He said, “This year will be a year when the financial sector’s ability to manage crises is on the test bench,” he said.

He added, “In order to overcome the corona and create a better future at this opportunity, we need the extraordinary determination of the Great reset to reset everything.”

The Bank of Korea also said that it will do its best to keep the Korean economy stable under rapidly changing economic conditions.