Reported about 21 hours ago
In response to heightened political instability following President Yoon Suk Yeol's martial law declaration, the Bank of Korea has escalated its liquidity injections, adding 14.1 trillion won (approximately $9.8 billion) through repurchase operations last week. This move aims to stabilize the financial markets, which have seen the won weaken over 2% and bond futures decline. The BOK's commitment to 'unlimited liquidity' mirrors previous measures taken during the COVID-19 pandemic, though analysts believe the current situation is not as severe and does not pose a systemic risk.
Source: YAHOO