Authorities "Mobilize all market stabilization measures such as unlimited liquidity supply"

Financial authorities say they will mobilize all possible market stabilization measures, including unlimited liquidity supply, as financial markets fluctuate, with the exchange rate soaring due to Yoon Suk Yeol's declaration of emergency martial law.

Deputy Prime Minister and Minister of Strategy and Finance Choi Sang-mok made the remarks after holding an emergency meeting on macroeconomic and financial issues with the Governor of the Bank of Korea, the Chairman of the Financial Services Commission, and the Director of the Financial Supervisory Service at 11:40 p.m. last night.

Choi said he would mobilize all possible means of stabilizing the financial and foreign exchange markets, including unlimited liquidity supply, to cope with possible market instability that may emerge after the declaration of the emergency martial law.

In addition, an emergency meeting on macroeconomic and financial issues will be held every day to regularize the crisis management system, and more specific additional market stabilization measures will be reviewed by each agency and announced quickly from this morning.

Deputy Prime Minister Choi then held a meeting of officials at level 1 or higher of the Ministry of Economy and Finance, and held daily meetings at level 1 or higher in the future to ensure the overall management and inspection of the economy as an economic control tower.