Lee Eog-weon, chairman of the Korea Financial Services Commission, said in a television interview that South Korea is ready to take pre-emptive measures to stabilize the financial market whenever necessary. Lee said he is wary of rising bond yields and exchange rate fluctuations, and said there are no major issues with the soundness of South Korea's financial system and its ability to cope with the crisis. As the continued weakness of the won raised concerns about inflation, the Bank of Korea announced on Friday temporary measures aimed at increasing the supply of dollars in the onshore foreign exchange market.

Lee Eog-weon, chairman of the Korea Financial Services Commission, said in a television interview that South Korea is ready to take pre-emptive measures to stabilize the financial market whenever necessary. Lee said he is wary of rising bond yields and exchange rate fluctuations, and said there are no major issues with the soundness of South Korea's financial system and its ability to cope with the crisis. As the continued weakness of the won raised concerns about inflation, the Bank of Korea announced on Friday temporary measures aimed at increasing the supply of dollars in the onshore foreign exchange market.