<Anchor>

As the real economy as well as the financial market were hit hard, President Moon Jae-in today (13th) called the Minister of Economy and Governor of the Bank of Korea to discuss measures. "Emergency, not comparable to that of MERS and SARS," he said, and ordered unprecedented measures.

Reporter Chan-Keun Park will give details of the government's measures.

<Reporter>

President Moon Jae-in, who had been informed of the economic trend, defined the country as an emergency economy and ordered unprecedented measures.

The Financial Services Commission immediately opened the Provisional Finance Committee and banned short selling of all listed items from the 16th to the 6th.

In order to stabilize the supply and demand of the stock market, the company's share buyback limit has been relaxed.

[Eun Seong-soo / Chairman of the Finance Committee: You can purchase all of the treasury stock you want to acquire within the limit of dividends.]

The Bank of Korea said it plans to consider holding a temporary financial currency committee next week to cut interest rates.

However, there are many opinions that this crisis is different from the past crisis, which was recovered relatively quickly after restructuring due to financial or foreign exchange insolvency.

Global trade is rapidly decreasing due to international arrivals in each country, and there are even signs of a global supply chain collapse.

The real economy, such as total demand and total supply, is hit first, and the crisis is shifting to the financial sector in the future, so rapid recovery may be difficult.

As a result, there are many opinions that the priority should be to invest in the nuclear industry and vulnerable people who are temporarily struggling with jobs as a top priority.

[Kim So-young / Professor of Economics, Seoul National University: I think it is very important to intensively support bad industrial fields (temporarily in the aerospace industry). It seems to be appropriate to help companies that are likely to go bankrupt or bankrupt.]

It is pointed out that not only expansion of fiscal expenditures and lower interest rates, but also a shift in ideas across all sectors of the economy, such as tax and labor.

(Video coverage: Han Il-sang · 1st · Jung Sung-hwa, video editing: Hwang Ji-young)