The government is working on addressing emergency economic measures in response to financial market trends, China's trade retaliation and domestic concern about job creation.

The issues were discussed and examined in a task force meeting chaired by Vice Finance Minister Choi Sang-mok on Friday.

In order to strengthen the response to Beijing's reprisals over South Korea's THAAD deployment, the government decided to form subcommittees on industrial sectors, such as batteries, under a state-led task force team. The subcommittees will boost monitoring of related trends in each sector and increase communication with local businesses.

The South Korean Embassy in Beijing will also frequently check trade trends through meetings with South Korean agencies related to trade and investment in China.

Seoul plans to actively raise concerns to China through bilateral and multilateral channels such as the free trade agreement implementation committee and the World Trade Organization committee on Sanitary and Phytosanitary Measures.

During the meeting, the government also assessed domestic share prices were on the rise, led by foreign capital inflow, and that interest rate hikes were showing signs of slowing.