The South Korean government said Monday that it would take swift and firm measures if Pyongyang's missile launch on Sunday appears to be negatively affecting the nation's economy.
 
Senior officials from the Finance and Trade Ministries, the Bank of Korea, the Financial Services Commission and the Financial Supervisory Service convened for a meeting Monday to discuss follow-up measures.
 
The government plans to thoroughly review risk factors to the real economy and financial markets and boost communications with foreign investors, the foreign press and credit rating agencies to make sure there is no impact on South Korea's credit rating and investment sentiment.
 
The government deemed that the missile launch had no direct impact on the domestic or overseas financial markets as it was fired on a Sunday when the markets are closed.
 
It added that previous nuclear tests or missile launches by Pyongyang had only a temporary and limited impact on South Korea's financial markets.
 
The North's fifth nuclear test on September ninth of last year affected the stock, bond and currency markets for about two to five trading days after which they recovered to previous levels. 

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