Skip to main content

Financial market: measures will be taken quickly following the firing of missile from the North



SEJONG, July 05 (Yonhap) - The South Korean government said on Wednesday it will take firm action quickly against the turmoil in the local financial market caused by the latest launch of Korea's intercontinental ballistic missile (ICBM) North.

Yesterday morning, the North fired a ballistic missile and claimed to have successfully launched an ICBM launch.

Governmental agencies related to the economy and finance, including the Ministry of Strategy and Finance, the Financial Services Commission (FSC) and the Bank of Korea, held an emergency meeting in Seoul to discuss ways To address the possible impact of the latest North Korean provocation.

The government will strengthen day-to-day market surveillance and take immediate action in accordance with its established contingency plan.

He assured that there is no direct impact currently on the stock markets and foreign exchange despite reports on the ballistic launch of Pyongyang. "But we will not lower custody as North Korean risks have emerged in a context of growing external uncertainties, such as thorny commercial issues," the Finance Ministry said in a statement.

Comments

Post a Comment

Popular posts from this blog

Shell: Fire in Europe's largest refinery will the price of a baril will be affected?

By  latribune.fr     The Shell refinery in Rotterdam, the largest in Europe, was shutting down its factories on Sunday after a fire broke out on Saturday night, the company said. The fire took place last night in a high-voltage power station at the Shell Pernis refinery in Rotterdam, which, with about 60 plants, is Europe's largest refinery and one of the largest in the world. The fire could be caused by a short circuit, according to the Dutch public radio NOS. Shell's unconfirmed information, which "waits to learn more about the circumstances of the incident," according to the spokesman. "Shell is cutting all the plants on the site, which are interconnected, as many of them are out of use because of the power failure caused by the fire," said a spokesman for the giant Anglo-Dutch oil company. Shell plans to complete the temporary shutdown of its Rotterdam site by Sunday night. This may indeed take hours or even days, "said Shell Pernis s...
Post a Comment
Read more
Qatar. The vicissitudes of a micro-State of the Gulf: theoretical perspectives of the crisis By  Victor VALENTINI , on July 2, 2017  www.diploweb.com atar is confronted with the reconstruction of a US-Saudi partnership harmful to its interests. V. Valentini puts into perspective the crisis that this micro-state of the Persian Gulf has been engaged since the mid-1990s in a diplomatic activism that seems to turn against him. The author evokes several scenarios and a rapprochement to follow between Qatar and Russia. IN A FEW MONTHS, the strategic environment of the emirate of Qatar has been considerably clouded, until the beginning of June 2017, a major diplomatic crisis that does not suffer from The young history of the micro-state. As a result of the growing tension with its regional partners in the Arabian Peninsula, grouped around the Gulf Cooperation Council (GCC), an obscure piracy by the Qatar News Agency ( Qatar News Agency ) Diplomatic relations with Saudi ...
Post a Comment
Read more

Korea: Seoul wants to denuclearize the North by 2020

Claude Fouquet The 19/07 at 10:52Updated at 12:52 lesechos.fr A report to President Moon Jae-in deems it necessary to establish a roadmap before the end of the year. While Pyongyang has not yet responded to  Seoul's proposal for an inter-military dialogue meeting this Friday , South Korean President Moon Jae-in is refining his strategy towards his enemy brother . If he had promised in early July in Berlin that his government would do everything possible to establish a lasting peace on the Korean Peninsula, it now seems to be aiming to reach an agreement on a complete dismantling of North Korea's nuclear program here To 2020. The outline of this strategy is now outlined in the report of the Advisory Committee on State Business Planning, which served as a de facto transition team after the inauguration of Moon Jae-in . Develop a roadmap If this report is broader and prioritizes Moon Jae-in's 200 proposals and campaign promises, it is undoubtedly the ...
Post a Comment
Read more