South Korea has vowed to swiftly respond to market fluctuations from possible additional provocations by North Korea.
The government on Friday held a joint meeting of economy-related state agencies to check the effects of the North’s recent threats on the local financial market and real economy.
The government assessed that Pyongyang’s threat to attack Guam increased volatilities in the financial and foreign exchange markets, and that the repercussions for the markets could further increase depending on the North’s additional provocations and following responses by related countries.
The related state agencies decided to enhance their monitoring of changes in the real economy and domestic and foreign financial markets, while closely watching the developments of the North Korean situation.
The government said that if it detects signs of unusual movements, it will swiftly take necessary steps according to its contingency plans on various scenarios.