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Bank of Korea vows to stabilize financial marekt after Yoon's impeachment

In its first statement since the passage of Yoon's impeachment case, the Bank of Korea vowed to stabilize financial marekt and stressed the importance of "uninterrupted implementation" of key fiscal and economic measures. The Bank of Korea said on Sunday that "the Bank of Korea intends to work with the government and use all available policy tools to respond to and avoid the escalation of financial and foreign exchange market volatility". The Bank of Korea compared the current situation to the impeachment phase of successive presidents, arguing that "external challenges such as heightened uncertainty in the trade environment and increased global competition are greater". "If these external factors overlap with domestic factors, their impact may be magnified," the Bank of Korea said. The Bank of Korea called for interventions to improve the economy.