What did Huh Chang say about AI and financial stability at the G20 conference in Seoul?

Huh said the spread of AI and supply-chain restructuring could create new threats to financial market stability. He called for preemptive action on AI-related risks and enough financial capacity to manage future turbulence.

Why did Laura Alfaro say global imbalances could affect financial markets?

Alfaro said global imbalances could increase financial market volatility. She noted that assessing them requires consideration of both corporate ownership structures and global production systems.

How will Korea use the discussions at the G20 Global Financial Stability Conference 2026?

The Ministry of Finance and Economy said Korea would build on the forum’s discussions to strengthen global cooperation within the G20 framework and enhance the resilience of the international financial system.

Korea hosts G20 global financial stability conference in Seoul

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Summary

The Ministry of Finance and Economy and the Korea Development Institute hosted the G20 Global Financial Stability Conference 2026 in Seoul on Tuesday. Around 300 financial experts discussed global economic resilience, supply chains and risks from AI-driven innovation. Second Vice Finance Minister Huh Chang called for preemptive measures against AI-related risks and stronger links between financial safety nets and supply chain resilience. The ministry said Korea would use the discussions to strengthen G20 cooperation and the resilience of the international financial system.

Key Facts

The annual conference was first held in 2013 to discuss ways to address global financial challenges.
Huh said the spread of AI and the restructuring of supply chains could pose new threats to financial market stability.
Huh called for sufficient financial capacity to cope with future turbulence.
Laura Alfaro, chief economist at the Inter-American Development Bank, said global imbalances could increase financial market volatility.
Alfaro said assessments of global imbalances should consider both corporate ownership structures and global production systems.

By Yonhap

Published Oct 27, 2026 5:16 pm KST

Second Vice Finance Minister Huh Chang speaks during the G20 Global Financial Stability Conference 2026 in Seoul, Tuesday. Courtesy of the Ministry of Finance and Economy

Korea's finance ministry on Tuesday hosted a global conference bringing together experts to discuss financial stability and supply chains in the era of artificial intelligence (AI).

The Ministry of Finance and Economy and the state-run Korea Development Institute co-hosted the G20 Global Financial Stability Conference 2026 in Seoul, an annual event first held in 2013 to discuss ways to address global financial challenges.

Around 300 financial experts from across the globe participated in this year's event, discussing ways to enhance the stability and resilience of the global economy and address risks and challenges arising from AI-driven innovation, according to the ministry.

In his opening remarks, Second Vice Finance Minister Huh Chang stressed the spread of AI and the restructuring of supply chains could pose new threats to financial market stability.

Huh called for preemptive measures to address AI-related risks and sufficient financial capacity to cope with future turbulence, alongside efforts to link financial safety nets with supply chain resilience.

Laura Alfaro, chief economist at the Inter-American Development Bank, said during a presentation that global imbalances could increase financial market volatility, noting the need to consider both corporate ownership structures and global production systems.

The finance ministry said Korea will build on the discussions at the forum to strengthen global cooperation within the Group of 20 (G20) framework and enhance the resilience of the international financial system.

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