South Korea to Implement Financial Market Measures Based on Contingency Plan Amid FX Market Volatilities

South Korea has announced plans to implement financial market measures based on a contingency plan to address market fluctuations. Finance Minister Choi stated that the government will respond swiftly to any excessive FX market volatilities and is prepared to address financial market fluctuations if necessary. The Bank of Korea is on alert for any widening of financial market volatilities and will thoroughly monitor the situation. This announcement comes amid global uncertainties, with the finance minister emphasizing a swift response to unwarranted volatility. Additionally, Asia FX verbal intervention comments were noted, excluding the yen.