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Top economic officials say acting President Han's impeachment increased market volatility

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Top economic officials hold an emergency economic meeting in Seoul in this photo provided by the finance ministry, Dec. 30. Yonhap

Top economic officials hold an emergency economic meeting in Seoul in this photo provided by the finance ministry, Dec. 30. Yonhap

Volatility in the country's financial and foreign exchange markets has increased following the impeachment of Prime Minister Han Duck-soo last week, top financial officials noted Monday.

The assessment was made during an emergency economic meeting after the opposition-controlled National Assembly passed an impeachment motion against then acting President Han on Friday.

The officials highlighted the heightened market fluctuations and pledged to mobilize all available resources to stabilize the situation, the finance ministry said.

They also underscored the importance of maintaining the government's 24-hour monitoring system to closely track economic developments, the ministry added.

Han was suspended from his duties less than two weeks after assuming the role on Dec. 14, when President Yoon Suk Yeol was impeached for declaring martial law.

Finance Minister Choi Sang-mok has since taken on the role of interim leader.

The meeting, held regularly since the imposition of martial law on Dec. 3, was attended by First Vice Finance Minister Kim Beom-seok instead of Choi, the Bank of Korea governor and the heads of the Financial Services Commission and the Financial Supervisory Service. (Yonhap)



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