South Korea promised to maintain market stability after the president's impeachment.

The South Korean Ministry of Finance promised to quickly implement market stabilization measures

The Ministry of Finance of South Korea stated that it will continue to quickly implement market stabilization measures aimed at supporting the economy following the announcement of impeachment against President Yoon Suk-yeol.

According to Reuters, the South Korean Ministry of Finance noted that it would actively communicate with Parliament to support economic stability. Additionally, a two-year policy plan is expected to be announced by the end of the current year.

The leader of the opposition Democratic Party, Lee Jae-myung, called for the establishment of a National Stability Council, which would involve the government and Parliament in discussing issues of finance, economy, and the well-being of the population.

Bank of Korea stated that it, along with the government, will use all available policy tools to respond to and prevent any escalation of volatility in financial and currency markets.

It was also noted that it is necessary to respond more actively to the economic consequences of the presidential impeachment, as uncertainty in the trading environment grows and global competition in the industry intensifies.

The financial regulator of South Korea anticipates the stabilization of financial markets and considers recent political events as temporary disruptions. However, if necessary, the regulator will expand market stabilization funds.