<Anchor>

The domestic stock market rose after a long time today (20th). The news last night influenced us and the United States to sign a $ 60 billion currency swap. During the global financial crisis in 2008, we had a $ 30 billion contract and this is the second time. Currency swap is the exchange of money at a pre-determined exchange rate within the scale set by the two countries, and it is difficult for us to obtain dollars, so we have the effect of securing more dollars.

So, today, the won-dollar exchange rate went down and the stock market rose, but reporter Park Chan-geun reports that this trend can continue.

<Reporter>

From the beginning of the market, the won-dollar exchange rate has fallen sharply.

As it steadily dropped, orders were missed in the bank's foreign exchange office.

[It's an order of $ 200,000. For 1,246.6 won!]

In the end, the won-dollar exchange rate closed at 39,2 won at 1,246.5 won.

Yesterday, I reversed the rise.

[Kim Yong-jin, Deputy General Manager of Korea Exchange Bank, Korea Exchange Bank: (The currency swap agreed by Hanmi) I think is large enough. It seems to have sold the dollar as it acted as a market safeguard, reducing concerns about the decline in dollar liquidity.]

It is still before the dollar supply through the currency swap, but the anxiety of the market has subsided considerably.

[Lee Joo-Yeol / Governor of the Bank of Korea: We look forward to contributing to alleviating the anxiety in the domestic foreign exchange market.]

The stock market was also affected.

KOSPI, which continued to plummet on the 7th trading day, also rebounded significantly.

KOSPI rose 7.44% despite foreign investors' net sale of nearly 600 billion won, and the KOSDAQ index rose 9.2%.

In the middle of the market, as the futures prices surged in the stock market and the KOSDAQ market, a sidecar was suspended that temporarily suspended the bid price.

However, concerns over the supply and demand of the dollar and the economic downturn have not been resolved, so volatility in the financial market can increase at any time.

In addition to Tonghua Swap, Deputy Prime Minister Hong Nam-ki said he is looking for additional measures to address the short-term foreign currency difficulties.

(Video coverage: Jang Un-suk, Video editing: Jun-hee Kim)