SEOUL: South Korea's Finance Minister Choi Sang-mok announced the government's commitment to sustained communication with international governments and media as the country navigates economic instability following a failed martial law declaration by President Yoon Suk Yeol. The decision aims to mitigate potential impacts on the nation's economic standing and credit ratings.According to Yonhap News Agency, Minister Choi emphasized the importance of overseas communications during a daily emergency meeting with key economic and financial officials. The meeting centered on strategies to counteract the economic repercussions of last week's political turbulence. Choi noted that the government had intensified outreach efforts, including interviews with international media such as The Economist and discussions with foreign officials, including U.S. Treasury Secretary Janet Yellen.The political upheaval initially sent the stock market into a tailspin, although it recovered some losses by Wednesday. However, the Ko rean won has depreciated significantly, falling below the 1,400 won per dollar threshold. In response to these developments, the government and financial authorities have underscored the necessity of ongoing vigilance over financial and currency markets to address persisting uncertainties.
- September 13, 2026
