our economic chiefs also sat down today (12th) over this issue. I didn't think there was going to be a major crisis anytime soon, but I decided to keep looking. However, it is reported that the National Pension Service invested in the parent company of a bankrupt Silicon Valley bank and lost money.

I'm a reporter on the sidewalk.

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Deputy Prime Minister and Minister of Economy and Finance Chu Kyung-ho and Finance Commission Chairman Kim Joo-heon examined the impact of the Silicon Valley Bank bankruptcy on Korea at today's meeting.

Although experts are of the prevailing view that this incident will not spread to a crisis in the financial sector as a whole, including US banks, the impact on domestic and foreign financial markets as well as the real economy cannot be ruled out in the face of increased market volatility.

However, since domestic banks are not related to the incident and their capital quality has been strengthened, the analysis supports the analysis that the impact on the domestic financial market will be limited.

The financial authorities have decided to closely monitor and respond quickly 24 hours a day to ensure that this incident does not adversely affect our economy.

[Lee Jung-hwan/Professor, School of Economics and Finance, Hanyang University: There seems to be little hit by direct bank runs. Since the United States is raising its benchmark interest rate, domestic market uncertainty has increased, and exchange rate volatility has continued to increase, there is definitely a possibility of overreacting.]

In the midst of this, it is reported that the National Pension Service invested in the shares of the parent company of Silicon Valley Bank and lost money.

As of the end of 2021, the valuation was Sh3624.<> billion, but it is not known how many weeks it has held or how much it is lost.

The National Pension Service said it would look for ways to minimize losses after checking the size of the entrusted companies' investments.

(Video editing by Kim Ho-jin)