The government has activated an emergency response system to rein in on economic jitters following the passage of President Park Geun-hye's impeachment motion in parliament.

Vice Finance Minister Choi Sang-mok chaired the first emergency response meeting with related agencies on Saturday morning and reviewed the economic situation.

The government decided Friday to launch a response task force to monitor financial markets and the overall economy around the clock and swiftly implement measures if necessary.

The Bank of Korea also convened a meeting early Saturday chaired by Governor Lee Ju-yeol and analyzed financial market reactions and assessments by foreign investors following the impeachment.

The central bank said the impact has so far been limited with the U.S. dollar gaining value.

Governor Lee said that uncertainties have, however, increased in recent days both at home and abroad and asked officials to be in emergency mode to closely monitor changes in the financial and foreign exchange markets.