South Korea Pledges to Stabilize Markets Amid Geopolitical Scare
A man sitting on a wheelchair looks at a television screen showing an image of Kim Jong Un, leader of North Korea, center, during a news broadcast on North Korea's exchange of fire with South Korea at Seoul Station in South Korea.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
South Korean policy makers pledged action to stabilize financial markets amid tension with North Korea that is raising concern over capital outflows and volatility.
The Bank of Korea said Monday that efforts to calm markets are important, adding that it will closely monitor external risks and come up with measures to mitigate them if needed.