Conclusion Ladies and gentlemen, the implementation of Basel III will impose further demands on banks and savings banks - but I think that less time and effort will be required than many currently fear. With regard to the implementation of reforms, two things are of paramount importance to me.
Consequently, the foreign exchange rate should continue to move within a stable range for the time being. However, there are potential factors making for exchange rate instability including the unrest in emerging markets, such as Russia and Latin American countries. The overall demand for funds in Korean financial markets is unlikely to be large given the deep-seated economic recession.