<Anchor>

I will be with the friendly economic circle, Ari. Kwon, Yesterday (5th) The share price has fallen a lot and the exchange rate has soared, but how about the impact of Japan is so great?

<Reporter>

Yesterday, the direction of the stock price and the exchange rate was actually expected.

But the movement was a bit too big. However, this is not a phenomenon that appeared only because of the conflict between Korea and Japan.

So, I need to be alert and prepared, but I need to see each other separately.

If you look at the financial market yesterday, the KOSPI index has fallen to 1,940 in three years, and the Kosdaq index has stopped at the 560th.

And the won dollar exchange rate was 1,200 in 2 years and 7 months, and it closed at 1,215 won. So if you try to buy dollars with our money, you have to pay 15 won more than last Friday.

In fact, our eyes are more focused on stock prices, and there are a lot of investors who are upset now. In fact, we need to watch closely and watch financial authorities very closely.

The flow of money in the foreign exchange market is not comparable to the stock market. The KOSPI fell more than 2.5% yesterday and the exchange rate climbed more than 1.4% yesterday, but the exchange rate is more than 1% in one day.

<Anchor>

i See. The exchange rate is over 1% per day. How do you interpret it?

<Reporter>

In fact, it was China that acted as a large variable in our exchange rate as Japan did yesterday.

President Trump again expanded tariffs on Chinese exports last week. That is why we have taken a stance to maintain the US-China trade war.

The impact of China on the world market was great. In the meantime, yesterday, 7 yuan of Chinese money goes over one dollar.

Since 2008, one dollar has never been higher than 7 yuan of Chinese money. So this is the first time in 11 years and 3 months.

Here are two questions, once the Korean money is the money that is most likely to follow the Chinese money situation in the world together with Taiwan money. I usually say it works together.

We have a close relationship with the Chinese economy, so our exchange rate was more fluctuating yesterday. Looking at the foreign exchange market The main currencies that were less valuable than us yesterday were the Chinese yuan.

Second, President Trump is reacting right now that China has manipulated the exchange rate.

But yesterday, it seems a bit more realistic to see that the Chinese authorities decided not to drop the value of the yuan intentionally, but to let it fall.

This is what I'm talking about. I think there will always be situations where I need to talk about it. This will be another big variable for us.

In addition, as of the end of last month, the value of our money was about 5% lower than the end of last year.

We have already belonged to a country that has fallen a lot because of the value of money in the world. This is largely due to the continued sluggish growth in our economy despite the poor global economy.

This is where the Japanese variable is added.

I can say that the same situation happened yesterday because I saw many things all at the same time.

<Anchor>

When we look at the big picture, it is because of the US and China. What can we do?

<Reporter>

In fact, stock prices are also very difficult to exchange, especially with artificial intervention.

We are looking at it from the outside, but we will need to monitor the financial market and reassure the market.

Yesterday, the financial authorities intervened orally in the market. We intervened with saying that it was soaring without reason.

In the meantime, the exchange rate, which had gone up to 1,218 won at the time, showed a calmness and ended the market at 1,215 won.

If the exchange rate goes up, the value of the won falls, theoretically it will help when exports are difficult. But now, the market is worried more about the foreign money getting out and the volatility getting bigger. Our economy is a matter of trust. Continuous proper monitoring of the authorities is required.

And in fact, financial markets are more anxious than the real economy at this point. So it is important that we stay well in the second half of this year.

In Japan, the economy is not really good right now. In the long run, the conflict between Korea and Japan is a big burden for Japan.

However, Korea, which is a little smaller in economy, is inevitably more vulnerable to such anxiety and financial market upsets. There are some things that Japan expects.

So it is a difficult situation, but it is necessary for us to cope more calmly without getting more prepared and unnecessary anxiety.