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Finance minister states that market volatility has 'somewhat eased' following cease-fire

Published: 09 Apr. 2026, 12:43

Finance Minister Koo Yun-cheol speaks during a ministerial meeting about public livelihood at the central government complex in Jongno District, central Seoul, on April 9. [NEWS1]

Finance Minister Koo Yun-cheol said on Thursday that volatility in the financial and foreign exchange markets has “somewhat eased” following a two-week cease-fire between the United States and Iran.

After the announcement that U.S. President Donald Trump would suspend strikes on Iran for two weeks, Korean stocks surged nearly 7 percent on Wednesday, and the won strengthened sharply against the dollar.

“Amid the recent two-week cease-fire 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 Ministry of Finance and Economy.

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.

Yonhap