The Bank of Korea has vowed to stabilize markets after Yoon was fired by Reuters

SEOUL (Reuters) – South Korea’s central bank vowed on Sunday to stabilize markets after South Korean President Yoon Suk Yeol was criticized for imposing martial law.

The Bank of Korea said in a statement that it will use all available tools in cooperation with the government to respond and avoid any instability in financial and foreign markets.

The bank said it is important to act more quickly on economic impact than in the past when the president was criticized for the problems that are happening abroad, such as the increase in commercial companies and increasing international competition in large industries.

South Korea’s financial watchdog said in a statement that financial markets are expected to remain stable as recent political events are seen as temporary, but will increase market stability if needed.