Amid global market jitters, Seoul's Finance Minister Yoo Il-ho has vowed to immediately take preemptive measures if any unusual signs in the local bourse are detected.

Chairing a meeting of overseas economy-related ministers on Thursday, the deputy prime minister for economic affairs said that external conditions are posing more difficulties than ever.

While citing a slow global economic recovery, jitters in global financial markets and increased volatility in exchange rates with major economies, Yoo said that various risk factors are
occurring simultaneously.

He said there are no assurances that the instabilities will ease in the near future, but the government is on high alert.

The minister vowed to thoroughly respond to overseas risks in order to minimize any adverse effects from inevitable external circumstances.