South Korea's Finance Minister Koo Yun-chul held an emergency meeting on Sunday to discuss recent financial market and foreign exchange market developments and countermeasures. South Korea's Ministry of Finance said that Finance Minister Koo Yun-cheol co-chaired the meeting with senior officials from the Bank of Korea, financial regulators, the Ministry of Welfare, and the Ministry of Trade, but no other details were disclosed. The Bank of Korea said that in the event of large-scale deposit withdrawals or other liquidity crises, it will accept loan assets from financial institutions as collateral to provide them with emergency liquidity support. The exchange rate of the won against the US dollar weakened for the fourth consecutive trading day on Friday, falling to 1479.9 won per dollar, the lowest level since April 9.

South Korea's Finance Minister Koo Yun-chul held an emergency meeting on Sunday to discuss recent financial market and foreign exchange market developments and countermeasures. South Korea's Ministry of Finance said that Finance Minister Koo Yun-cheol co-chaired the meeting with senior officials from the Bank of Korea, financial regulators, the Ministry of Welfare, and the Ministry of Trade, but no other details were disclosed. The Bank of Korea said that in the event of large-scale deposit withdrawals or other liquidity crises, it will accept loan assets from financial institutions as collateral to provide them with emergency liquidity support. The exchange rate of the won against the US dollar weakened for the fourth consecutive trading day on Friday, falling to 1479.9 won per dollar, the lowest level since April 9.