August 6, 2019 / 11:43 PM / 4 months ago

S.Korea policymakers pledge to stabilise financial markets

SEOUL, Aug 7 (Reuters) - South Korea’s policymakers said on Wednesday the government and the central bank would work together to stabilise financial markets while closely monitoring volatility.

“(The authorities) will take pre-emptive and determined market stabilisation measures in case of any herd behaviour seen in the market,” Finance Minister Hong Nam-ki said in a meeting with policymakers to discuss current financial market volatility.

The urgent meeting included Bank of Korea Governor Lee Ju-yeol. Governor Lee also said stabilising the financial and foreign exchange market is the main focus for now. (Reporting by Joori Roh, Hayoung Choi; Editing by Sam Holmes)

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