[THE INVESTOR] Deputy Prime Minister for economic affairs Yoo Il-ho said on June 24 that the government will monitor the impact of Brexit round-the-clock.
The official said the pan-government response system will be initiated and the situation will be continuously monitored. Yoo was speaking from Beijing where he is attending a meeting of the Asian Infrastructure Investment Bank.
Finance minster Yoo Il-ho(right). Park Hae-mook/The investor
Saying that UK’s departure from the European Union would bring “significant uncertainties” for the Korean economy, Yoo said the financial markets are likely to see fluctuations in the short term.
However, he added that Korea’s finances are strong, and the government has the means and will to respond to the effects of Brexit.
By Choi He-suk (
cheesuk@heraldcorp.com)