South Korea Urges Calm in Markets as It Renews Vow for Action
- Martial-law turmoil keeps already-weary policymakers on edge
- Volatility may still grow as Trump prepares return to power
The won has been among the biggest victims from the row that swept the nation and raised concerns about South Korea’s credit worthiness.
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South Korean policymakers urged calm in financial markets a day after a martial-law row that stunned the nation, renewing their pledge to take all possible steps to rein in volatility that could still increase ahead of Donald Trump’s return to power next month.
The impact from the drama over President Yoon Suk Yeol’s about-face on martial law has been limited on markets so far, the Finance Ministry said in a statement Thursday, after Minister Choi Sang-mok met with Bank of Korea Governor Rhee Chang-yong and the chiefs of financial watchdogs.