South Korea authorities to activate market stabilization fund after martial legislation try

SEOUL (Reuters) – South Korea’s Finance Ministry stated on Thursday that the federal government will activate 40 trillion received ($28.35 billion) price of market stabilization fund, after President Yoon Suk Yeol’s lifting of a martial legislation declaration affected monetary markets.

The Financial institution of Korea could buy authorities bonds and broaden repo operations if wanted, and the federal government is carefully monitoring markets and can deploy measures in keeping with contingency plans if wanted, the Finance Ministry stated in an announcement.

($1 = 1,411.1300 received)