Bank of Korea(BOK) Governor Lee Ju-yeol has pledged to take active action if the domestic financial market grows more unstable.
 
He revealed the stance in a meeting with heads of commercial banks on Friday morning.
 
Noting growing financial uncertainties at home and abroad since last week’s U.S. presidential election, Lee said that the central bank is staying vigilant. He added that the BOK will take market stabilization measures in time if instability is likely to deepen.
 
The BOK chief stressed that South Korea possesses sizable foreign reserves and banks are in good financial health. He said that in the face of mounting uncertainties, it is necessary to exert all-out efforts to manage risks. But Lee called for calm, rational responses to market fluctuations and to have trust in the financial market’s resilience.