S. Korean PM urges appropriate measures against market instability
- 관리자
- 2008.08.27
- Hit 4776
South Korean prime minister on Wednesday called for efforts by all relevant authorities to minimize the ripple effect from the U.S. financial crisis.
"The U.S. financial market is very unstable, and a short-term effect on the Korean economy is unavoidable," said Prime Minister Han Seung-soo at a cabinet meeting. "Yesterday's stock market and foreign exchange market are indicative of that."
Lehman Brothers, once the fourth-largest investment bank in the U.S., filed for bankruptcy on Sunday, sending shockwaves across financial markets around the globe.
From YonhapNews(http://english.yonhapnews.co.kr)