The Korea Herald

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[URGENT] BOK chief calls emergency meeting on Brexit

By 박윤아

Published : June 27, 2016 - 14:29

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[THE INVESTOR] The Bank of Korea‘s chief will preside over an emergency meeting with his senior staff on June 27 to discuss how to cope with the fallout from Britain‘s recent decision to leave the European Union.

Bank of Korea Gov. Lee Ju-yeol came home earlier in the day, cutting short his trip to Basel, Switzerland, for the emergency meeting.

The BOK’s meeting, starting at 2:30 p.m., follows an earlier meeting hosted by the Financial Services Commission where the head of the top financial regulator vowed all-out efforts to counter any negative impact from Britain‘s exit from the EU.

The BOK chief was originally scheduled to return home Tuesday following his trip to the European country for the annual general assembly of the Bank for International Settlements.

Shortly after Britain’s vote Friday, the U.S. greenback shot up 2.52 percent against the South Korean won, closing at 1,179.90 won per dollar.

The dollar continued to gain ground against the local currency, trading at 1,183.45 won per dollar as of 2 p.m.

(theinvestor@heraldcorp.com)