South Korea vows unlimited liquidity after political turmoil; BOK meets
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South Korea's finance ministry said on Wednesday it is ready to deploy "unlimited" liquidity into financial markets if needed after President Yoon Suk Yeol lifted a martial law declaration he imposed overnight that pushed the won to multi-year lows. The announcement came after Finance Minister Choi Sang-mok and Bank of Korea Governor Rhee Chang-yong held emergency meetings overnight, and ahead of the BOK's extraordinary meeting session abruptly scheduled for 9 a.m. local time (0000 GMT) on Wednesday. "All financial, FX markets as well as stock markets will operate normally," the government said in a statement. "We will inject unlimited liquidity into stocks, bonds, short-term money market as well as forex market for the time being until they are fully normalised." The country's financial regulator is ready to deploy 10 trillion won ($7.07 billion) in a stock market stabilisation fund any time, t...