The government will review pushing for a free trade agreement with the U.K. following Britain's decision to leave the European Union. 

The decision was made during a meeting of overseas economy-related ministers chaired by Finance Minister Yoo Il-ho on Friday.

The government will also maintain a stable level of foreign exchange reserves to prepare against financial jitters and make preparations to issue foreign exchange equalization bonds depending on the market situation.

Officials assessed that financial market uncertainties emerged in the wake of the Brexit vote but the situation has now eased thanks to response measures taken by major economies.

But the government believes market repercussions could escalate depending on future developments as economic conditions deteriorate in the U.K.