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1、Financial Stability Report2024.6Financial stability refers to a condition in which the financial system works smoothly with all of its key components satisfactorily performing their roles:financial institutions carrying out their financial intermediary functions,market participants maintaining a hig
2、h level of confidence in the financial market,and the financial infrastructure being well devel-oped.Financial stability is regarded as one of the policy goals that must be achieved,together with price stability and economic growth,for a sus-tainable economic development.Policy authorities around th
3、e world thus devote great efforts to achieving financial stability.As part of its conduct of macroprudential policies,the Bank of Korea has been publishing the Financial Stability Report on a biannual basis since 2003,analyzing and assessing the potential risks inherent in the Korean financial syste
4、m and suggesting related policy challenges.Notably,under the revised Bank of Korea Act of 2011(Article 96),the Bank of Korea is obliged to draw up a Financial Stability Report and sub-mit it to the Korean National Assembly at least two times each year.The Bank of Korea is devoting its best efforts t
5、o qualitative improvement of the Financial Stability Report.This report takes the potential risks to financial stability highlighted until May 2024 as the objects of its analy-sis.It is hoped that this Financial Stability Report will help financial market participants,regulators and policymakers to
6、recognize the risk factors inherent in the financial system at an early stage,and deal with them appropriately.Chairman Rhee,Chang YongMember Shin,Sung HwanMember Chang,Yong SungMember Ryoo,Sang DaiMember Hwang,kun ilMember Kim,Jong HwaMember Lee,Soo HyungThis Financial Stability Report is published