The Bank of Korea has stated that authorities will closely monitor whether the Korean won's exchange rate and bond yields exhibit excessive deviations from the country's fundamental economic indicators, such as the current account balance.

Bank of Korea Governor Rhee Chang-yong convened a special task force meeting to review and discuss the situation in the Middle East and the overnight sharp decline of the Korean won. Volatility in key financial market pricing variables, including currency, interest rates, and stock prices, is likely to remain elevated for some time, depending on developments in the Middle East situation. Authorities agreed that, if necessary, they will coordinate with the government to respond in a timely manner to prevent market sentiment from becoming overly one-sided.