Seoul: The monetary policy board of the South Korean central bank announced a commitment to provide "ample liquidity" to the market through repurchase agreements and other measures. This decision aims to mitigate the financial and foreign exchange market impacts caused by recent political events.According to Yonhap News Agency, the Bank of Korea (BOK) convened an extraordinary session chaired by Governor Rhee Chang-yong to address market stabilization strategies. This session followed President Yoon Suk Yeol's unexpected declaration and subsequent lifting of martial law, which had significant implications for market stability.The BOK stated its intention to temporarily supply ample liquidity until market conditions stabilize. Starting Wednesday, the central bank plans to enhance short-term liquidity by engaging in repurchase agreements. A repurchase agreement involves the sale of a security with a commitment to repurchase it later at a predetermined price.President Yoon's declaration of martial law occu rred during a late-night address on Tuesday, citing "anti-state activities" by the opposition. However, the imposition of military rule was short-lived, as the National Assembly unanimously voted to reject it shortly after, leading to the lifting of martial law on Wednesday morning.
- September 13, 2026
