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 <.KS11>, Kim said it was because of rising external uncertainties and MSCI index rebalancing.
(Reporting by Joori Roh; Editing by Peter Cooney)
