South Korea says will make all-out effort to prevent credit crunch

SEOUL (Reuters) – South Korea’s government will make an all-out effort to prevent market volatility from turning into a credit crunch as the coronavirus pandemic hammers stocks and bonds across emerging economies, its vice finance minister said on Monday.

Kim Yong-beom also said a new task force within the finance ministry will hold a policy meeting every day to monitor markets and assess if policy actions are needed to stabilize financial markets.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.