Yonhap
SEOUL, March 3 (AJP) - The Bank of Korea said on Tuesday it will maintain around‑the‑clock monitoring with its overseas offices and discuss potential fallout from the U.S. and Israeli airstrikes on Iran dubbed "Operation Epic Fury."
In a meeting chaired by its chief Rhee Chang‑yong, officials discussed global developments since last Saturday's airstrikes, as well as potential volatility in financial markets.
With the country's financial and foreign exchange markets resuming trading after a makeup holiday for March 1 Independence Movement Day, the central bank said it will closely monitor the situation and prepare for any possible scenarios including the potential spillover of the conflict into South Korean stock and foreign exchange markets, even though the country is not directly involved in the crisis.
It plans to keep a task force in place for the time being to respond promptly as needed.
In a meeting chaired by its chief Rhee Chang‑yong, officials discussed global developments since last Saturday's airstrikes, as well as potential volatility in financial markets.
With the country's financial and foreign exchange markets resuming trading after a makeup holiday for March 1 Independence Movement Day, the central bank said it will closely monitor the situation and prepare for any possible scenarios including the potential spillover of the conflict into South Korean stock and foreign exchange markets, even though the country is not directly involved in the crisis.
It plans to keep a task force in place for the time being to respond promptly as needed.
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