Standard & Poor's: South Korean financial institutions are able to absorb the market volatility caused by war.

Standard & Poor's global ratings indicate that thanks to strict risk management and market protection mechanisms, South Korean financial institutions and insurance companies are able to withstand market fluctuations and currency depreciation shocks. Analysts, including Kim Dae-hyun, wrote in the report, "We believe that the strict risk management, foreign exchange liquidity buffers, and sufficient capital levels of these institutions will help them navigate this turbulent period." Standard & Poor's also mentioned South Korea's government's financial market stability plan, stating that the measures have a supportive effect. However, Kim Dae-hyun also pointed out that the weakening of the South Korean won will weaken the capital buffers of financial institutions and increase the cost of foreign currency financing.