On December 4, South Korea's Finance Minister Choe Sang-mu said on Wednesday that the government will take all possible measures to stabilize the financial marekt if necessary after the General Secretary of South Korea declared martial law. "We will use all possible financial and foreign exchange market stabilization measures, including an unlimited injection of liquidity," Choe Sang-mu said at an emergency economic chiefs' meeting. The won briefly fell to 1430 against the dollar, its lowest level since October 2022, before the South Korean parliament voted to lift martial law. The won narrowed its decline by half and regained the 1420 mark at one point. The finance ministry said it would hold another emergency meeting of senior officials at 7am local time (6am Beijing time). "These events will severely undermine investor confidence in the economy and its financial marekt," Capital Economics said in a note.