June 15, 2017 4:38 pm JST

South Korea ready to use stabilization fund if yields spike excessively

SEOUL (Reuters) -- South Korea will reactivate its crisis-period market stabilization fund if bond yields spike excessively in the wake of the latest increase in U.S. interest rates, a senior official at South Korea's financial regulator said on Thursday.

Jeong Eun-bo, vice chairman of the Financial Services Commission, said his team will actively monitor the activities of foreign investors as the interest rate gap between South Korea and the U.S. narrows.

He spoke at a policy meeting held after the U.S. Federal Reserve increased interest rates.

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