Bank of Korea Governor Lee Ju-yeol said the U.S. rate hike will have a limited impact on the South Korean financial market.
 
Lee made the remark on his way to work on Thursday, answering reporters’ questions on his view of the U.S. Federal Reserve’s latest decision to raise its interest rate by a quarter of a percentage point.
 
Lee said the Fed’s rate hike and its chair Janet Yellen’s remarks corresponded with the market expectation, emphasizing that he will closely watch the local financial market.
 
The Bank of Korea held an emergency meeting on Thursday morning to review the U.S. rate hike’s possible impact on the local and foreign financial markets.