SEOUL (Reuters) – South Korea’s government will make an all-out effort to prevent market volatility from turning into a credit crunch as the coronavirus pandemic hammers stocks and bonds across emerging economies, its vice finance minister said on Monday.
Kim Yong-beom also said a new task force within the finance ministry will hold a policy meeting every day to monitor markets and assess if policy actions are needed to stabilize financial markets.
(Reporting by Cynthia Kim; Editing by Kim Coghill)
