Lee Ju-yeol "Reviewing COVID-19 Financial and Foreign Exchange Markets... Implementing Without Disruption"
[Asia Economy Reporter Jang Sehee] On the 24th, Lee Ju-yeol, Governor of the Bank of Korea, chaired an emergency executive meeting immediately after returning to the country to review the movements in the financial and foreign exchange markets due to the spread of the novel coronavirus infection (COVID-19).
At the meeting, Governor Lee instructed that detailed implementation plans for the Bank of Korea's business continuity be carried out without any setbacks.
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Meanwhile, financial markets also fluctuated on the day due to concerns over COVID-19. On the 24th, the KOSPI index closed at 2079.04, down 83.80 points (3.87%) from the previous trading day (2162.84). The won-dollar exchange rate closed at 1,220.2 won per dollar, up 11.0 won from the previous trading day. The 3-year government bond yield was announced at 1.139%, down 4.3 basis points.
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