Top regulator meets global investors in Hong Kong

SEOUL, Jan. 18 (Yonhap) -- A key South Korean financial regulator has made a pitch for the South Korean economy on a visit to Hong Kong, his office said Wednesday.

Jeong Eun-bo, vice chairman of the Financial Services Commission (FSC), visited the global credit rating agency Fitch and introduced Seoul's efforts for market stability and economic policy direction earlier this week.

He also held a round-table discussion with representatives from major financial institutions, such as Goldman Sachs, JP Morgan, Citi and Credit Agricole.

"He discussed the global market trend and risk factors facing the Asian economy with economists at the global financial firms," the FSC said.

In addition, Jeong attended the two-day Asian Financial Forum that closed Tuesday.

Speaking at the Policy Dialogue session, he emphasized the need for bolstering the global financial safety net via the establishment of bilateral and multilateral currency cooperative networks, including currency swaps and Chiang Mai Initiative Multilateralization (CMIM), as well as links with the International Monetary Fund.

He was proposing ways for Asia's emerging economies to cope effectively with possible capital outflows.

lcd@yna.co.kr
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