Korea Financial Services Committee Chairman Lee Eog-weon said in a television interview on Sunday that if necessary, South Korea is ready to take pre-emptive measures to stabilize the financial market. Lee pointed out that currently the market is wary of rising bond yields and exchange rate fluctuations, but he stressed that there are no major issues with the soundness of the Korean financial system or its ability to respond to the crisis. Earlier on Friday, due to concerns about inflation caused by the continued weakening of the Korean won, the Bank of Korea announced temporary measures aimed at increasing the US dollar supply in the local foreign exchange market.

Korea Financial Services Committee Chairman Lee Eog-weon said in a television interview on Sunday that if necessary, South Korea is ready to take pre-emptive measures to stabilize the financial market. Lee pointed out that currently the market is wary of rising bond yields and exchange rate fluctuations, but he stressed that there are no major issues with the soundness of the Korean financial system or its ability to respond to the crisis. Earlier on Friday, due to concerns about inflation caused by the continued weakening of the Korean won, the Bank of Korea announced temporary measures aimed at increasing the US dollar supply in the local foreign exchange market.