Acting President Choi Sang-mok said Friday the government will remain vigilant during the upcoming Lunar New Year holiday amid growing uncertainties in the global economy following the launch of the new US administration.
"Recently, the domestic financial and foreign exchange markets have been showing signs of stabilization," Choi said during a meeting with government officials.
"However, there are also growing uncertainties, including the materialization of US policies, along with changes in the monetary policies of major countries," the acting president added, noting the government will continue to closely monitor major trends in the financial market throughout the long holiday.
South Korea will also unveil detailed plans next month to support the livelihoods of the people, according to Choi.
The holiday was originally set to last only three days, as this year's Lunar New Year falls on Wednesday, but the government designated Monday as a temporary national holiday, extending the holiday period to six days. (Yonhap)
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