June 29, 2020 / 11:30 PM / 9 days ago

South Korea finance ministry to monitor financial markets, liquidity flows

SEOUL (Reuters) - South Korea will set up a channel to provide foreign-currency funds to local financial firms through repurchase agreements to prevent any temporary shortage in liquidity from developing into a systemic risk, Vice Finance Minister Kim Yong-beom said on Tuesday.

Authorities also will continue to monitor financial markets and liquidity flows as the economic impact from the coronavirus pandemic persists, he told a meeting, noting other risks including U.S.-China tensions could heighten volatility.

Reporting by Joori Roh; Editing by Kim Coghill

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