SEOUL: South Korean President Yoon Suk-yeol on Friday called for more urgency in the face of heightened financial market volatility and vowed to take timely emergency measures.
“We have built a stronger breakwater than in the past in terms of external strength and have already implemented market stabilization measures, but it is time to face the situation with a greater sense of urgency” , Yoon said at the start of a meeting.
It was the third such meeting devoted to reviewing economic and financial conditions since he took office in early May, also attended by a central bank official and executives from several major companies, according to the office. presidential.
The South Korean won has lost 17% of its value against the US dollar this year, while its main stock index has fallen 27%.