Amid increased volatility in the financial and foreign exchange markets after President Yoon Suk Yeol’s botched martial law move, financial authorities vowed to mobilize all available measures to stabilize the market while closely monitoring the situation.
 
Finance minister Choi Sang-mok held an emergency meeting on Tuesday with the country’s top economic and financial officials to discuss measures to deal with the growing volatility. 

The participants found that although volatility in the market has increased recently, it appears somewhat excessive considering the robust fundamentals and external stability of the economy.

Financial authorities say they plan to continue close communications with global credit rating agencies and foreign banks to ensure the domestic political situation does not affect the country’s credit rating. 

Choi vowed to manage the economy as stably as possible, regardless of the recent political situation.