Anchor: South Korea's finance minister and the central bank chief have agreed to tackle any market volatility in the wake of uncertainties after the U.S. Fed raised its benchmark interest rate by a quarter of a percentage point.
Mina Cha has more.

Report: Amid increased uncertainties following the U.S. rate hike, South Korea's finance minister and central bank chief have discussed stabilization measures.

Finance Minister Yoo Il-ho and Bank of Korea Governor Lee Ju-yeol held a dinner meeting on Friday and shared the view that their cooperation is important more than ever before.

The two officials then discussed policy directions to stabilize the macro economy and financial and foreign exchange markets.

[Sound bite: Deputy PM Yoo Il-ho (Korean)]
"There is a saying that refers to 'crossing a river in the same boat.' I think the Finance Ministry and the central bank must join hands to ride out the difficult times."

[Sound bite: Bank of Korea Governor Lee Ju-yeol (Korean)]
"We have accumulated sufficient [policy] capacity to defend financial stability."

Speaking to reporters after the meeting, Minister Yoo said he stressed that during an economically critical time, a fiscal and financial policy mix is increasingly important.

Governor Lee said that South Korea has enough capability to keep the financial market stable and the bank is ready to take action if necessary. He also promised to closely cooperate with the government to combat current economic challenges. 
Mina Cha, KBS World Radio News.