{"id":576393,"date":"2026-08-06T09:06:21","date_gmt":"2026-08-06T09:06:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/576393\/"},"modified":"2026-08-06T09:06:21","modified_gmt":"2026-08-06T09:06:21","slug":"finance-minister-voices-confidence-in-economy-vows-efforts-to-stabilize-stock-market","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/576393\/","title":{"rendered":"Finance minister voices confidence in economy, vows efforts to stabilize stock market"},"content":{"rendered":"<p><img src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/08\/c09e8518-1b64-498a-9075-09e1eeb12097.jpg\" style=\"height: auto; aspect-ratio: 1920 \/ 1407; width: 100%\" alt=\"Finance Minister Koo Yun-cheol speaks during a meeting with economy-related ministers held at the Government Complex Seoul, Thursday. Yonhap\" decoding=\"async\" loading=\"eager\" fetchpriority=\"high\"\/><\/p>\n<p>Finance Minister Koo Yun-cheol speaks during a meeting with economy-related ministers held at the Government Complex Seoul, Thursday. Yonhap<\/p>\n<p class=\"editor-p\">Korea&#8217;s finance minister on Thursday expressed confidence in the country&#8217;s economy, saying it is achieving &#8220;unprecedented&#8221; results on the back of solid growth and exports.<\/p>\n<p class=\"editor-p\">&#8220;The Korean economy is more solid than ever and is achieving unprecedented results,&#8221; said Finance Minister Koo Yun-cheol during a meeting with economy-related ministers in Seoul.<\/p>\n<p class=\"editor-p\">&#8220;Both real-economy indicators and macroeconomic indicators, including growth, exports, inflation, and consumer and business sentiment indexes, continue to show a steady upward trend.&#8221;<\/p>\n<p class=\"editor-p\">Last month, the government raised its 2025 growth forecast to 3 percent from its earlier projection of 2 percent, citing a semiconductor supercycle and easing uncertainties surrounding the Middle East.<\/p>\n<p class=\"editor-p\">Latest data showed that Asia&#8217;s fourth-largest economy expanded 3.8 percent in the first six months of the year from a year ago.<\/p>\n<p class=\"editor-p\">Exports, the main driver of the economy, reached a record high of $102.2 billion in June amid solid global demand for memory chips.<\/p>\n<p class=\"editor-p\">Regarding recent stock market volatility, Koo said the government is working to stabilize the market and make the country a more attractive destination for investors.<\/p>\n<p class=\"editor-p\">&#8220;The government is responding swiftly to mitigate stock market volatility, and recently, the stock index has shown signs of stabilization,&#8221; he said.<\/p>\n<p class=\"editor-p\">&#8220;We will continue our efforts to improve the structural health of the capital market and foster new industries to make it a more reliable investment destination.&#8221;<\/p>\n<p class=\"editor-p\">To curb market volatility, the government announced a package of measures, including restrictions on transactions involving single-stock leveraged exchange-traded funds (ETFs).<\/p>\n<p class=\"editor-p\">Such ETFs linked to Samsung Electronics and SK hynix, introduced in May, have been widely viewed as a key factor behind the recent volatility in the domestic stock market.<\/p>\n","protected":false},"excerpt":{"rendered":"Finance Minister Koo Yun-cheol speaks during a meeting with economy-related ministers held at the Government Complex Seoul, Thursday.&hellip;\n","protected":false},"author":2,"featured_media":576394,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-576393","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/576393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=576393"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/576393\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/576394"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=576393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=576393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=576393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}