The Korea Exchange has announced it is reviewing whether trading on the country’s stock market will resume following the declaration of martial law in South Korea.
This marks a reversal from an earlier statement indicating that trading would proceed normally.
The move comes as martial law was imposed on Tuesday, banning all political activities nationwide. Martial law commander Park An-su declared that political operations, including those of the National Assembly, local councils, political parties, political associations, and public assemblies and demonstrations, are now strictly prohibited.
“All media and publications shall be subject to the control of the Martial Law Command,” Park added, signalling intensified government oversight during this period.
Korean stock market to open on Wednesday
The Korea Exchange has confirmed it will resume operations tomorrow, Bloomberg reports. This follows earlier indications that the exchange was reviewing whether trading would proceed.
South Korea’s finance minister has vowed to deploy all necessary measures to stabilize financial markets following President Yoon Suk Yeol’s declaration of martial law.
“We will mobilize all possible financial and foreign exchange market stabilization measures, including unlimited liquidity injections,” Choi Sang-mok stated during an emergency meeting with senior economic officials in Seoul.
