July 26, 2018 / 7:06 AM / a year ago

S.Korean fin min vows to aid small firms, stabilize FX market

July 26 (Reuters) - South Korea’s finance minister said on Thursday he is closely monitoring the currency moves and that he will take stern action to stabilize the market, if needed.

Kim Dong-yeon also said he will announce measures to support small businesses by mid-August, in an effort to help them cope with adverse effects from steep minimun wage hikes.

Kim said he plans to visit Samsung Group in early August. (Reporting by Hayoung Choi; Editing by Richard Borsuk)

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