ChainCatcher news, according to Jin10 reports, a spokesperson said that the South Korean Finance Minister is serving as the acting president.

ChainCatcher news, the South Korean Finance Minister stated that the economic outlook has been inevitably downgraded this year and that severe measures will be taken against any drastic foreign exchange fluctuations. (Jin Ten)

ChainCatcher news, the South Korean Finance Minister stated that South Korea will form a team that operates 24 hours a day to monitor the market and do its utmost to quickly resolve the economic uncertainty following this turmoil. (Jinshi)

ChainCatcher news, the South Korean Ministry of Finance stated on Monday that Finance Minister Choi Sang-mok vowed to strengthen market monitoring and respond swiftly to excessive volatility under an emergency plan to address weak growth data and global uncertainties at the economic officials' meeting held in Seoul. Choi Sang-mok said, "The government will pay special attention to the signs of economic uncertainty shown in the third quarter GDP data and closely monitor the detailed market conditions both domestically and internationally." Data shows that South Korea's GDP grew by 0.1% quarter-on-quarter in the third quarter, below market expectations.Choi Sang-mok pointed out that the upcoming U.S. presidential election, the economic situation in major countries, and the crisis in the Middle East are major risks. "With our emergency plan and close cooperation with other relevant agencies, the government will respond swiftly to excessive volatility in the financial and foreign exchange markets that deviates from economic fundamentals." (Yonhap News)