(Adds quote, remarks on domestic markets)
SEOUL, March 23 (Reuters) - South Korea's finance
minister said on Thursday the economic and financial policy
authorities would keep closely monitoring the markets situation
and take stabilisation measures if needed.
Minister Choo Kyung-ho made the remarks at a meeting of top
policy makers to review global market conditions after the U.S.
interest rate decision. The heads of the central bank and
financial regulatory agencies also attended the meeting.
"The government and the Bank of Korea will implement market
stabilisation measures, if needed, while checking the soundness
of the financial system and financial companies in an ongoing
basis," Choo said.
He said financial companies need to build more provisioning
and capital buffers against future troubles, while adding the
recent stability in domestic markets reflected still strong
fundamentals of the local financial system.
(Reporting by Choonsik Yoo; Editing by Chris Reese and Stephen
Coates)
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