SEOUL, March 13 (Reuters) - South Korea's finance
ministry and central bank said on Monday they were closely
monitoring financial markets as uncertainty heightened after the
collapse of Silicon Valley Bank in the United States.
Finance Minister Choo Kyung-ho said that authorities would
step up monitoring activities and vowed to take market
stabilising measures in a timely manner.
The Bank of Korea separately said in a statement that the
central bank was closely watching any impact on interest rates,
stock prices, foreign exchange rates and capital flows.
(Reporting by Jihoon Lee; Editing by Christopher Cushing)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.