SEOUL (Reuters) - South Korea’s central bank said on Saturday the financial market impact of parliament’s vote to impeach President Park Geun-hye seemed limited, but vowed to closely monitor the markets.
“There seems to be limited impact,” the Bank of Korea said in a statement after a meeting to review policy measures to contain any fallout from Friday’s impeachment vote.
The bank’s Governor Lee Ju-yeol asked his officials to closely monitor the markets as uncertainties are high, the bank said.
The impeachment vote must be approved by the Constitutional Court, a process that could take months. Prime Minister Hwang Kyo-ahn assumes presidential duties on an interim basis until the court’s ruling.
Reporting by Cynthia Kim; Writing by Tony Munroe; Editing by Robert Birsel