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소아쌤

Korea vows swift, firm response over Brexit

By 박윤아

Published : June 24, 2016 - 16:42

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[THE INVESTOR] Finance Minister Yoo Il-ho vowed “swift and firm” measures to deal with volatility in financial markets as Britain voted to leave the European Union on June 24.

Korea “has faithfully reviewed contingency plans and the government will swiftly and firmly deal with the development if necessary,” he said in a statement, saying that the Brexit is expected to pose “long-term uncertainty” to the world economy and South Korea. 

Finance Minister Yoo Il-ho Finance Minister Yoo Il-ho

“In the short term, volatility in the financial markets is likely to widen,” he was quoted as saying in the statement.

Yoo issued the statement as he arrived in Beijing to attend the first annual meeting of the China-led Asian Infrastructure and Investment Bank.

To help stabilize global financial markets, the minister said Korea will strengthen cooperation with China and Japan, as well as the Group of 20 nations, according to the statement.


(theinvestor@heraldcorp.com)

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