Group 1 - The chairman of the Financial Services Commission of South Korea, Lee Eog-weon, stated that South Korea is closely monitoring the stock market and will actively utilize its 100 trillion won (approximately over 470 billion RMB) market stabilization plan if market volatility becomes excessive [1] - The chairman emphasized that South Korea is vigilant against potential market disruptions that may arise during periods of increased stock market volatility and will impose strict penalties for any violations [1]

Core Viewpoint - The South Korean stock market has experienced significant declines due to escalating tensions in the Middle East, prompting the government to consider a market stabilization plan of 100 trillion KRW (approximately 47 billion RMB) to mitigate the impact on the economy and financial markets [1][5]. Group 1: Market Performance - On March 4, the South Korean stock market saw major indices drop over 10%, with the KOSDAQ index triggering a circuit breaker [1]. - The KOSPI index closed at 5,093.54, down 12.06%, while the KOSDAQ index closed at 978.44, down 14% [2]. - This marked the second consecutive day of significant declines, with the KOSPI index falling 7.24% on March 3 [3]. Group 2: Government Response - The Chairman of the Financial Services Commission, Lee Eog-weon, stated that the government is closely monitoring the stock market and will actively utilize the 100 trillion KRW stabilization plan if volatility increases [5]. - An emergency financial market response team has been established to monitor market conditions continuously [5]. - The government aims to support the real economy and minimize losses for small and medium-sized enterprises affected by the Middle East situation [6]. Group 3: Broader Market Impact - The South Korean stock market is the largest loser amid the escalating Middle East tensions, with major tech stocks like Samsung Electronics and SK Hynix leading the declines [5]. - Other emerging markets in Asia also faced significant drops, with Thailand's benchmark index falling 8% and triggering a trading halt [9]. - Analysts warn that the ongoing conflict in Iran could lead to increased energy costs, significantly impacting emerging markets, including South Korea [11].