S. Korea to closely monitor impact of upcoming US midterm elections

South Korean financial authorities said Thursday they will closely monitor the impact of the US midterm elections on financial markets and take immediate countermeasures if necessary in the event of sharp market fluctuations. Finance Minister Lee Hyoung-il held discussions on the issue with Bank of Korea Gov. Shin Hyun-song, Financial Services Commission Chairman Lee Eog-weon and Financial Supervisory Service Gov. Lee Chan-jin after the US Federal Reserve held its benchmark interest rate steady

Source: The Korea Herald