South Korea’s Yoon calls for urgency to cushion economic shock

SEOUL, Sept 30 (Reuters) – South Korean President Yoon Se-yeol on Friday called for a heightened feeling of urgency in working with heightened volatility in monetary marketplaces and pledged to get prompt crisis measures.

“In terms of exterior robustness, we have created much better breakwaters than in the earlier, and we have carried out market place stabilization measures, but it is time to answer to this predicament with more urgency,” Yoon claimed at the commence of the assembly.

It was the third assembly to assessment financial and money problems considering that he took office environment in early Might, in accordance to the presidential palace, and was attended by a central financial institution official and executives from numerous leading firms.

The South Korean gained has lost 17% versus the greenback this calendar year, whilst its principal inventory index has shed 27%.

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Reporting by Choonsik Yoo Modifying by Kim Coghill

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