Bank of Korea "Quickly Stabilize the Market in the event of increased volatility in the foreign exchange market"

Yoo Sang-dae, vice president of the Bank of Korea, said, "We will make every effort to implement market stabilization measures quickly if external uncertainties combine with the domestic political situation and financial and foreign exchange market volatility excessively expands."

Yoo Sang-dae, vice president of the U.S. Federal Reserve, said in a market check meeting this morning after the Federal Reserve lowered its key interest rate by a quarter of a percentage point at its regular meeting of the Federal Open Market Committee in December but said it would slow the pace of rate cuts in the future.

"The Fed's easing of monetary policy is expected to be significantly delayed amid continued external uncertainties such as the direction of the new U.S. government's economic policy and geopolitical risks," Yoo said.

Yoo, however, said, "The volatility of the domestic financial and foreign exchange markets, which has been temporarily expanded since the emergency martial law, has recently eased."