South Korea's acting Finance Minister Kim Beom-seok has vowed to stabilize financial markets following the abrupt resignation of Prime Minister Han Duck-soo and Finance Minister Choi Sang-mok, promising 'proactive measures to address uncertainty.'
In an emergency meeting with economic policymakers, Kim emphasized protecting foreign exchange stability and maintaining investor confidence. The announcement comes amid concerns about the economic fallout from the leadership vacuum, with Seoul confronting inflation pressures and slowing export growth in key Asian markets.
Analysts suggest the transition could temporarily dampen investor sentiment, particularly in technology and automotive sectors critical to South Korea's export-driven economy. However, the finance ministry reaffirmed its commitment to existing growth policies targeting semiconductors and renewable energy industries.
This development underscores the interconnectedness of political stability and economic performance in Asia, where South Korea remains a bellwether for regional supply chains and technological innovation.
