Economic volatility 'somewhat' eases after U.S.-Iran ceasefire: finance minister | Yonhap News Agency

## Summary
OK By Kim Han-joo SEOUL, April 9 (Yonhap) -- Finance Minister Koo Yun-cheol said Thursday that volatility in the financial and foreign exchange markets has "somewhat eased" following a two-week ceasefire between the United States and Iran. President Donald Trump would suspend strikes on Iran for two weeks, South Korean stocks surged nearly 7 percent on Wednesday, while the Korean won strengthened sharply against the U.S. dollar. "Amid the recent two-week ceasefire in the Middle East conflict, volatility in the financial and foreign exchange markets appears to have somewhat eased," Koo said while presiding over a ministerial-level meeting on stabilizing consumer prices. Korean currency rises to one-month high on Middle East ceasefire agreement Keywords #finance minister #US ceasefire Articles with issue keywords Most Liked (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho BTS tops Spotify weekly charts for 2nd week with new album 'Arirang' Lee voices hope for peace in Easter message Most Saved 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho (3rd LD) Lee says S. Korean road lined with cherry blossoms prev Economic volatility 'somewhat' eases after U.S.-Iran ceasefire: finance minister Next Economic volatility 'somewhat' eases after U.S.-Iran ceasefire: finance minister

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By Kim Han-joo
SEOUL, April 9 (Yonhap) -- Finance Minister Koo Yun-cheol said Thursday that volatility in the financial and foreign exchange markets has "somewhat eased" following a two-week ceasefire between the United States and Iran.
Following the announcement that U.S. President Donald Trump would suspend strikes on Iran for two weeks, South Korean stocks surged nearly 7 percent on Wednesday, while the Korean won strengthened sharply against the U.S. dollar.
"Amid the recent two-week ceasefire in the Middle East conflict, volatility in the financial and foreign exchange markets appears to have somewhat eased," Koo said while presiding over a ministerial-level meeting on stabilizing consumer prices.
Nonetheless, the government will remain vigilant and continue to focus on maintaining macroeconomic stability at home and abroad, he added, according to the finance ministry.
Koo also stressed that the government will make every effort to ease the burden on people's livelihoods by improving distribution structures for essential goods, while addressing difficulties faced by businesses and establishing a fair market order, the ministry said.
khj@yna.co.kr
(END)
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Economic volatility 'somewhat' eases after U.S.-Iran ceasefire: finance minister
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Economic volatility 'somewhat' eases after U.S.-Iran ceasefire: finance minister

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## Expert Analysis

### Merits
N/A

### Areas for Consideration
- Korean currency rises to one-month high on Middle East ceasefire agreement Keywords #finance minister #US ceasefire Articles with issue keywords Most Liked (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho BTS tops Spotify weekly charts for 2nd week with new album 'Arirang' Lee voices hope for peace in Easter message Most Saved 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho (3rd LD) Lee says S.

### Implications
- Nonetheless, the government will remain vigilant and continue to focus on maintaining macroeconomic stability at home and abroad, he added, according to the finance ministry.
- Koo also stressed that the government will make every effort to ease the burden on people's livelihoods by improving distribution structures for essential goods, while addressing difficulties faced by businesses and establishing a fair market order, the ministry said. khj@yna.co.kr (END) Related Articles (2nd LD) U.S., Iran to hold 1st round of talks on peace deal in Pakistan on Saturday: White House (2nd LD) Seoul stocks jump nearly 7 pct as U.S., Iran agree on 2-week ceasefire (LEAD) S.
- Korean currency rises to one-month high on Middle East ceasefire agreement Keywords #finance minister #US ceasefire Articles with issue keywords Most Liked (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho BTS tops Spotify weekly charts for 2nd week with new album 'Arirang' Lee voices hope for peace in Easter message Most Saved 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho (3rd LD) Lee says S.

### Expert Commentary
This article covers ceasefire, korean, korea topics. Areas of concern are also raised. Readability: Flesch-Kincaid grade 0.0. Word count: 482.