Financial policymakers to monitor US AI, trade policies following election
Korea's key financial policymakers on Thursday vowed to closely monitor potential changes in U.S. policies on artificial intelligence (AI) and trade and their implications for the Korean economy. Finance Minister Lee Hyoung-il discussed the issues with Bank of Korea (BOK) Gov. Shin Hyun-song, Financial Services Commission Chairman Lee Eog-weon and Financial Supervisory Service Gov. Lee Chan-jin…
South Korea's top financial officials pledged on Thursday to vigilantly observe potential shifts in U.S. policies concerning artificial intelligence (AI) and trade, and their possible effects on the Korean economy. Finance Minister Lee Hyoung-il consulted with Bank of Korea Governor Shin Hyun-song, Financial Services Commission Chairman Lee Eog-weon, and Financial Supervisory Service Governor Lee Chan-jin following the Democratic Party's significant victory in the U.S. midterm elections.
The officials highlighted the fact that, despite strong performances in major stock markets in the United States and Europe, heightened regulatory scrutiny of the AI sector had caused a decline in semiconductor shares. They discussed potential changes in Washington's fiscal, trade, and industrial policies in light of the election results and committed to closely monitoring the policy and regulatory landscape, as well as U.S. tariffs and developments in the Middle East conflict.
The officials agreed to intensify efforts to foster the stable growth of the Korean economy by addressing shifts in the external environment.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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