Ministry of Strategy and Finance of Republic o : Financial Market Stays Calm Despite North's Claim of its Hydrogen Bomb Test

Meeting on North Korea's Hydrogen Bomb Test

Financial Market Stays Calm Despite North's Claim of

its Hydrogen Bomb Test

Higher level officials of the Ministry of Strategy and Finance, Financial Services Commission, Bank of Korea, Financial Supervisory Service and Korea Center for International Finance held an emergency meeting to examine responses in the financial market after the North's claim of its hydrogen bomb test on January 6, 2016.

An about 4.8 magnitude quake was detected in Yangdong, North Korea at 10:30 am, and North Korea's Cho-sun Central News Agency TV reported at 12:30 pm that it was due to the country's fourth nuclear weapons and first hydrogen bomb test.

Korea's financial market has been staying calm although it fluctuated a little right after the news.

- KOSPI:

1927 (10:45 am) →1912 (11:45 am) →1917 (12:30 pm) →1920 (01:00 pm)

- US dollar-won exchange rate:

1193 (10:45 am) →1197 (11:45 am) →1196 (12:30 pm) →1195 (01:00 pm)

Korea's financial market responded calmly in the past to North's similar provocations, such as missile launches and its claims of nuclear weapons tests, showing resilience to North related geopolitical risks. The government expects Korea's financial market to demonstrate strength and resilience this time, too.

The government will continue to closely monitor developments in the Korean financial market as well as international financial markets, and will be prepared for North's potential provocations.

Please refer to the attached pdf