Earlier this year, Korea concluded, not without difficulty, a free trade agreement with Chile. But it is absolutely essential for us to ensure a degree of openness that is on a par with that of Singapore, through expanding FTAs not just with Chile but with the U.S., the European Union, Japan, China, members of ASEAN, and other Latin American countries.
Any disruption in the financial system anywhere in the world has the potential of affecting the real economy not only in that country but also elsewhere. We have seen that domestic and global financial stability are not mutually exclusive domains.