South Korea's Ministry of Finance Responds to Stock Market Plunge: Relevant Authorities Will Take Strict Measures Against Market Disruptions

BlockBeats news, October 16 - South Korea's Ministry of Finance responded to the recent stock market plunge, stating that it will closely monitor whether stock market volatility spreads to the bond, foreign exchange, and money markets. The government and relevant institutions will strengthen stock market monitoring and strictly deal with any actions that disrupt market order. The statement said that strong economic growth expectations, a current account surplus, and improving corporate earnings mean that the fundamentals of the South Korean stock market remain solid.

Earlier news, South Korea's financial regulatory agency held an emergency meeting yesterday afternoon regarding the stock market plunge, after which the stock market's decline narrowed.