Official announcements from the South Korean government or central bank

South Korea to Inject Unlimited Liquidity Amid Martial Law Declaration

Dec 3, 2024, 04:03 PM

South Korea's government has announced its readiness to deploy all possible measures to stabilize financial markets, including providing unlimited liquidity if necessary, following President Yoon Suk Yeol's declaration of martial law. This commitment comes in response to potential market disruptions, with the government stating it will use all measures needed to maintain stability. The South Korean Finance Minister emphasized the deployment of these measures to stabilize the currency, while the central bank official mentioned preparedness to implement measures and issue updates following meetings. The Financial Services Commission has also indicated its readiness to deploy a 10 trillion won stock market stabilization fund at any time to support the local stock market indices.