South Korea's Finance Minister on Market Volatility

SEOUL (Reuters) – South Korea's finance minister stated on Friday that authorities will take timely action if financial market volatility increases excessively.

Minister Choi Sang-mok mentioned that the government's 24-hour monitoring system, initially implemented to oversee the situation in the Middle East, will be expanded to also monitor financial and foreign exchange markets.

Choi shared these insights during a meeting with top economic and financial policymakers to discuss the implications of the U.S. Federal Reserve's recent policy meeting outcomes.