Finance minister Choi Sang-mok has reaffirmed his stance that the government will fully respond to excessive volatility in the market.

Choi made the statement Wednesday during an emergency meeting of key financial officials, including Bank of Korea(BOK) Gov. Rhee Chang-yong, Financial Services Commission Chairman Kim Byoung-hwan and Financial Supervisory Service Gov. Lee Bok-hyun.

Choi and the three top officials have held such meetings every day since last Tuesday’s martial law incident in an effort to reduce market uncertainties. 

The participants said uncertainty remains, though there were some signs of recovery in the stock market as institutional and foreign investors began buying. 

Amid the uncertainty, the participants vowed to closely monitor the financial and foreign exchange markets and to respond actively to reverse market sentiment in the event of excessive volatility. 

Since last Wednesday, the BOK purchased 14 trillion won worth of repurchase agreements to supply sufficient short-term liquidity. 

That’s about nine-point-eight billion U.S. dollars. 

The central bank has also revealed plans to take steps to stabilize the market by purchasing corporate bonds and commercial papers.