South Korea expressed concerns about the increased volatility in the foreign exchange market and will swiftly take necessary measures if needed.

According to a short message from the South Korean Ministry of Finance, South Korea believes that the increased volatility in the foreign exchange market is worrying, and will take swift action if necessary. Earlier on Thursday, South Korean Finance Minister Hong Nam-ki met with officials from the Bank of Korea, Financial Services Commission, and Financial Supervisory Service. Market assessments show that the Bank of Japan's interest rate decision on December 19 had limited impact on the financial markets. Nevertheless, it is still necessary to closely monitor the local financial and foreign exchange markets, as any potential divergence in US and Japanese monetary policy could have an impact. Authorities will continue to monitor the local and overseas financial and foreign exchange markets 24/7.