Bank of Korea: To avoid escalation of fluctuations, vows to stabilize the financial market

The Bank of Korea pledged to stabilize the financial market in its first statement after the impeachment case against Yoon Seok-youl was passed, emphasizing the importance of "uninterrupted implementation" of key fiscal and economic measures. The Bank of Korea stated on Sunday that it plans to work with the government using all available policy tools to respond and prevent escalation in financial and foreign exchange market volatility.

The Bank of Korea compared the current situation with previous presidential impeachment stages, believing that "the uncertainty in trade environment has intensified, global competition has increased, among other external challenges". The Bank of Korea stated: "If these external factors overlap with domestic ones, their impact could be amplified." The Bank of Korea called for intervention measures to improve the economy.