Finance ministry vows to keep markets calm


THE nation’s finance ministry vowed to continue to swiftly deploy market stabilising measures as needed to support the economy after President Yoon Suk Yeol was impeached over his brief imposition of martial law.

The ministry said it will actively communicate with the parliament to keep the economy stable, adding that it plans to announce its biannual policy plan before the end of this year.

The leader of the main opposition Democratic Party, Lee Jae-myung, called for a National Stability Council for Governance comprising the government and parliament to discuss finance, economy and public livelihoods.

The Bank of Korea said in a statement that it would use all available policy instruments in conjunction with the government to respond to and avert any escalation of volatility in financial and foreign exchange markets.

The bank said it is necessary to respond more actively to the economic impact than in past presidential impeachment periods due to heightened challenges in external conditions, such as increased uncertainty in the trading environment and intensified global competition in key industries. — Reuters

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Yoon Suk Yeol , impeachment , economy

   

Next In Aseanplus News

Manhunt on over teen’s fatal public stabbing
Embrace immigration, says rare foreign-born CEO
1.71kg black truffle found in Yunnan
Taking satire down to the streets
Teenager crowned youngest chess world champion at 18
Opposition leader urges swift ousting of impeached Yoon
KNU denies festival attack
Washington starts moving US Marines off Okinawa
Prabowo’s suggestion to abolish polls slammed as authoritarian
Rare foreign-born CEO says Japan needs immigration to thrive

Others Also Read