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S. Korea pledges pre-emptive action to stabilize markets

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SEOUL  -South Korea’s finance minister said on Monday that the authorities would take action in a pre-emptive manner if necessary to stabilize local financial markets, where volatility has increased due to external factors.
Minister Choo Kyung-ho made the remarks at the beginning of a scheduled meeting of top economic and finance officials, which also included the heads of the central bank and two financial markets regulatory agencies.

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