South Korea Finance Minister Reviews Market Stabilization Measures Amid Rate, Volatility Concerns

According to The Korea Herald, South Korea's finance minister on Friday discussed measures to stabilize financial markets as concerns grew over rising interest rates and heightened volatility in global markets amid renewed tensions in the Middle East. Finance Minister Koo Yun-cheol reviewed the latest developments in global and domestic financial markets with relevant officials, according to the Ministry of Finance and Economy. During the meeting, participants said upward pressure on interest rates has continued.