S Korea President Yoon says volatility increasing in FX market
FILE PHOTO: South Korea's President Yoon Suk-yeol gestures as he holds his first official news conference, after taking office in May, to mark 100 days in office, in Seoul, South Korea August 17, 2022. Chung Sung-Jun/Pool via REUTERS
SEOUL : South Korea President Yoon Suk-yeol said on Wednesday volatility is increasing in financial and foreign exchange markets amid uncertainties over inflation and monetary tightening in major countries.
"External financial soundness improved significantly compared with past crises, but we should not be careless ... the government will thoroughly monitor and respond to prevent any financial or foreign exchange crisis," Yoon said as he presided over a macroeconomic and financial policy meeting.
Source: Reuters
