Bank of Korea assures stability as financial regulator calms market fears after Yoon impeachment

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SEOUL, Dec 15 — South Korea’s central bank vowed today vows to keep markets stable after South Korean President Yoon Suk...

South Korea’s financial regulator said in a statement that financial markets are expected to stabilise as recent political events are considered temporary shocks, but it will expand market-stabilising funds if needed.

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.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaSouth Korea

Topics: Yoon Suk-yeol South Korea stocks Impeachment South korea economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-15 @ 13:55:09 (4 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 139 words

Reading Time: 1 minutes read

Sentences: 9 lines

Sentence Length: 16 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 24541594

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