South Korea Activates Market Stabilization Fund

SEOUL (Reuters) – South Korea's Finance Ministry announced on Thursday the activation of a market stabilization fund worth 40 trillion won ($28.35 billion). This decision follows the impact of President Yoon Suk Yeol lifting a martial law declaration on the financial markets.

The Bank of Korea may purchase government bonds and expand repo operations if necessary. The government is closely monitoring the markets and will implement measures according to contingency plans if required, the Finance Ministry stated.

($1 = 1,411.1300 won)