SEOUL (Reuters) – South Korea’s Finance Ministry claimed on Thursday that the federal government will certainly turn on 40 trillion won ($ 28.35 billion) well worth of market stablizing fund, after President Yoon Suk Yeol’s training of a martial regulation statement impacted monetary markets.
The Bank of Korea might buy federal government bonds and increase repo procedures if required, and the federal government is very closely keeping track of markets and will certainly release steps according to backup strategies if required, the Finance Ministry claimed in a declaration.
($ 1 = 1,411.1300 won)
(Reporting by Cynthia Kim and Joyce Lee; Editing by Leslie Adler)
