Tag Archives: Koreas

South Korea’s vice finance minister says to act swiftly if volatility in financial market rises

South Korea’s vice finance minister says to act swiftly if volatility in financial market rises

South Korea’s vice finance minister says to act swiftly if volatility in financial market rises

SEOUL (Reuters) – South Korea’s government “will act swiftly and boldly upon (its) contingency plans in case volatility in the financial market rises,” Vice Finance Minister Kim Yong-beom said on Monday, adding it would also take market stabilization measures if volatility in the foreign-exchange market rises.

Kim also said at a meeting of senior financial and economic officials that there were possibilities of volatility increasing in financial and foreign-exchange markets if the United States imposes additional tariffs against China on Dec. 15.

Regarding the recent foreign capital outflow in the benchmark KOSPI index (), Kim said it was because of rising external uncertainties and MSCI index rebalancing.

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Source : Reuters Link

North Korea’s U.N. ambassador warns “denuclearization” is off the table in negotiations with the U.S. – CBS News

North Korea’s U.N. ambassador warns “denuclearization” is off the table in negotiations with the U.S. – CBS News United Nations – North Korea’s ambassador to the United Nations Kim Song said Saturday that denuclearization is off the table in negotiations with … read more