South Korea Unveils $28 Billion Market Fund Following Martial Law Lift

 

South Korea's Finance Ministry announced on Thursday that the government will mobilize a 40 trillion won ($28.35 billion) market stabilization fund following the impact of President Yoon Suk Yeol’s decision to lift a martial law declaration, which affected financial markets.

The Bank of Korea may intervene by purchasing government bonds and increasing repo operations if necessary. The ministry also stated that it is closely monitoring the markets and will implement additional measures as outlined in contingency plans if required.

 

 

 

 

 

Paraphrasing text from "Reuters" all rights reserved by the original author.