Vice Prime Minister Choi Sang-mok held a "Macroeconomic and Financial Conference" to assess the impact of the U.S. Fed's 50 basis point rate cut and discuss response strategies.

Choi viewed this as a sign of global economic recovery but warned of potential market volatility and geopolitical risks. He assured that while the domestic market remains stable, the government is prepared to implement swift stabilization measures if needed.

The government plans to manage household debt and real estate markets, with additional measures ready if necessary. It also aims to boost domestic demand and stabilize livelihoods, capitalizing on the global monetary policy shift.

Choi noted easing domestic demand constraints due to stable inflation and lower interest rates. He emphasized the government's commitment to accelerating economic recovery through targeted support and investment revitalization.

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