
South Korea’s acting President directed closely monitor the policies of the new US administration
- World News
- January 30, 2025
- No Comment
South Korea’s acting President directed closely monitor the policies of the new US administration
South Korea’s acting President Choi Sang-mok has directed government officials to closely monitor the policies of the new US administration and assess their potential market impact. The directive came during a high-level meeting on macroeconomic and financial affairs at the government complex in Seoul.
Choi, who also serves as the deputy prime minister for economic affairs and finance minister, emphasized the need for vigilance amid shifting global economic dynamics. He was joined by the Bank of Korea governor and financial regulators, who highlighted concerns over rising volatility in technology stocks, particularly due to China’s artificial intelligence firm DeepSeek.
Officials also stressed the importance of tracking financial and currency market trends, especially as South Korea resumes economic activities following the national holidays. The South Korean government remains focused on stabilizing financial markets and mitigating potential risks stemming from global economic shifts.