Securities Firms Exempted from 140% Collateral Maintenance Requirement on Credit Loans for Three Months

Key points in 3 lines

1. The South Korean government will exempt securities firms from the requirement to maintain a 140% collateral ratio on credit loans for three months, starting on the 9th.
2. The Ministry of Economy and Finance said a joint meeting of relevant agencies, chaired by Deputy Prime Minister Lee Hyung-il, was held at the Government Complex Seoul on the 6th to review market conditions.
3. The measure is intended to prevent excessive forced selling following a sharp drop in stock prices from increasing volatility, and additional steps are being prepared should volatility grow further.

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