South Korea says will act swiftly to stabilise markets if necessary
[SEOUL] South Korea's finance ministry said on Friday it would make an all out effort to stabilise the economy after parliament voted to impeach President Park Geun-hye.
"We will closely monitor financial markets and economic situation across exports, investment and job market 24 hours a day and respond in swift and decisive manner if needed," Finance Minister Yoo il-ho said in a meeting.
South Korean lawmakers voted overwhelmingly earlier on Friday to impeach President Park Geun-hye over an influence-peddling scandal, setting the stage for her to become the country's first elected leader to be expelled from office in disgrace.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Fed survey cites inflation, US election as key financial stability risks
Oil prices steady after Iran plays down reported Israeli attack
G7 pledges swift aid for Ukraine, seeks to calm Middle East
H5N1 strain of bird flu found in milk: WHO
China moves to boost foreign investment in domestic tech companies
Xi orders China’s biggest military reorganisation since 2015