South Korea's Ministry of Finance said on Friday that it will strengthen financial market monitoring and pay close attention to the various effects of recent stock market fluctuations on the bond, foreign exchange and short-term money markets. Dragged down by concerns related to artificial intelligence, the Korea Composite Stock Price Index plummeted nearly 8% the day before, hitting a six-month low. The Ministry of Finance said after the meeting that due to differences in the composition of the industry sector, South Korea's stock market has recently fluctuated more than other markets, but economic fundamentals are still stable.

South Korea's Ministry of Finance said on Friday that it will strengthen financial market monitoring and pay close attention to the various effects of recent stock market fluctuations on the bond, foreign exchange and short-term money markets. Dragged down by concerns related to artificial intelligence, the Korea Composite Stock Price Index plummeted nearly 8% the day before, hitting a six-month low. The Ministry of Finance said after the meeting that due to differences in the composition of the industry sector, South Korea's stock market has recently fluctuated more than other markets, but economic fundamentals are still stable.