South Korea to double down on efforts to keep markets stable, says minister

The country's finance minister has pledged to take all necessary steps to maintain stability in the financial markets, amid growing concerns over the global economic outlook.

Speaking at a press conference in Seoul on Tuesday, Finance Minister Choo Kyung-ho said the government would "do whatever it takes" to ensure the stability of the financial system.

He said the government was closely monitoring the situation in the global markets and was prepared to take swift action if needed.

Choo's comments came after a sharp sell-off in the global stock markets in recent weeks, triggered by concerns over the economic impact of the coronavirus pandemic.

The South Korean stock market has also been hit hard by the sell-off, with the benchmark KOSPI index falling by more than 10% in the past month.

Choo's pledge to maintain stability in the financial markets is likely to reassure investors and help to stem the sell-off in the stock market.

The government has a number of tools at its disposal to maintain stability in the financial markets, including:

• Raising or lowering interest rates

• Intervening in the currency market

• Providing liquidity to the financial system

The government is also working closely with the Bank of Korea to ensure the stability of the financial system.

The Bank of Korea has already taken a number of steps to ease monetary policy, including cutting interest rates and providing liquidity to the financial system.

The government and the Bank of Korea are committed to taking all necessary steps to maintain stability in the financial markets.

Investors should be reassured by the government's pledge to maintain stability in the financial markets.

The government has a number of tools at its disposal to maintain stability in the financial markets.

The government is also working closely with the Bank of Korea to ensure the stability of the financial system.