Koo Yun-cheol

South Korea's Finance Minister Koo Yun-cheol said on Thursday that volatility in financial and foreign exchange markets has "somewhat eased" following a two-week ceasefire between the United States and Iran. The statement came after U.S. President Donald Trump announced a suspension of strikes on Iran, which led South Korean stocks to surge nearly 7 percent on Wednesday and the Korean won to strengthen sharply against the U.S. dollar. The government pledged to remain vigilant in maintaining macroeconomic stability.