Finance Minister Choi Sang-mok convened a meeting of economy-related ministers to check up on the impact from the Constitutional Court's expulsion of President Yoon Suk Yeol on Friday.

According to the ministry, the attendees reported that no particular trend is being observed following the impeachment ruling.

They, however, decided to join forces in exerting full efforts toward managing the economy in a stable manner and defending the sovereign rating as public livelihoods face difficulties from the stagnant economy and damage from recent wildfires.

The economic security strategy task force will draw up a systematic response strategy against the Trump administration's reciprocal tariffs and concentrate on conducting negotiations with Washington.

The government will seek response measures for the auto and other industries and alternative countries of export destination at the industrial competitiveness reinforcement ministers' meeting.

The attendees also called to closely communicate with the National Assembly in passing an extra budget worth ten trillion won, or around six-point-nine billion U.S. dollars, within this month.