<Anchor>

Woori Financial Market was shaking sharply yesterday (May 5) as several negative factors were overlapping, but another unpleasant news came today. The United States has designated China as the currency manipulation country in 25 years. I think China is making money from US exports in a way that deliberately drops the value of its currency, and it seems to be quite a wave in our economy. So let's start with the situation of our financial market today.

It is a reporter.

<Reporter>

The KOSPI index fell to 1,900 in the morning.

This is the first time since June 2016.

The KOSPI ended at its lowest level in three years and five months, while the KOSDAQ fell below 3%.

[Kyungmin Lee / Daejin Securities Investment Strategy Team Leader: I think that unstable sentiment caused fluctuations in volatility. We anticipate that it will take a considerable amount of time for the trend reversal.]

The news of the US designation of China as a currency manipulation bureau shocked the stock market.

It is the first time since 1994 that the United States has designated China as a currency manipulator.

The US and China are facing strong rivalry, raising concerns that trade conflicts may intensify.

However, concerns about the foreign exchange market were somewhat calmed.

The KRW / USD exchange rate closed at yesterday's level of KRW 1,215.

The won's exchange rate moves in line with the Chinese yuan's exchange rate, which was affected by the willingness to stabilize the exchange rate by reducing the yuan that was sold on the market by selling bonds.

The Korean government has also begun to appease the financial market.

The company said it could use measures such as increasing the purchase of stocks of pension funds, strengthening regulations on short selling, and reducing price limits.

[Sohn Doo-doo / Vice Chairman of the Financial Services Commission: We will respond promptly and boldly by choosing appropriate policies for market conditions.]

Foreign exchange reserves of US $ 400 billion and short-term foreign debt ratio of 31% mean that the fundamental strength of the Korean economy is different from the financial crisis and the financial crisis in the past. There is also evaluation called step.

(Image editing: Park Jin-Hoon, VJ: Jeong Min-koo)