South Korea pledges ‘unlimited liquidity’ to stabilise markets
Authorities ready to support stock, bond, short-term funding and FX markets amid political turmoil
South Korea’s finance ministry and central bank today (December 4) pledged to provide “unlimited liquidity” to stabilise the markets after president Yoon Suk-yeol’s brief imposition of martial law triggered shockwaves through the financial sector.
Yoon declared the state of emergency in a surprise late-night address on December 3, in which he accused the opposition of conducting “anti-state activities”. His cabinet today lifted the imposition of military rule only hours later, after the
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