The announcement came after President Yoon Suk Yeol rescinded his martial law decree amid a fierce public backlash and after a rare unanimous vote in parliament calling for it to end.
The Bank of Korea (BOK) pledged Wednesday to take a variety of steps to keep financial markets stable after the nation’s president declared — and then rescinded — martial law hours earlier.
The BOK will increase short-term liquidity and take “active” steps in currency markets as needed to ensure stability, it said in a statement following a hastily-called board meeting.
