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South Korea's Ministry of Finance said that despite increased fluctuations caused by external factors, the fundamentals of South Korea's domestic economy and stock market are still stable. The department said on Friday that US bond yields, the state of the artificial intelligence and semiconductor industry, and geopolitical tension in the Middle East are increasing market volatility and uncertainty. The Ministry pointed out that the economic growth rate is expected to be around 3% this year, and the current account surplus is large, indicating that South Korea is resilient. The ministry said the government and financial regulators are closely monitoring the financial market and will take strict measures against any acts that disrupt the market.
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South Korea's Ministry of Finance said that despite increased fluctuations caused by external factors, the fundamentals of South Korea's domestic economy and stock market are still stable. The department said on Friday that US bond yields, the state of the artificial intelligence and semiconductor industry, and geopolitical tension in the Middle East are increasing market volatility and uncertainty. The Ministry pointed out that the economic growth rate is expected to be around 3% this year, and the current account surplus is large, indicating that South Korea is resilient. The ministry said the government and financial regulators are closely monitoring the financial market and will take strict measures against any acts that disrupt the market.
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