The Bank of Korea (BOK) has stepped up monitoring of the financial market for any adverse impact from the joint attack by the United States and Israel on Iran, officials said Sunday. Presiding over an emergency meeting Sunday, BOK Gov. Rhee Chang-yong discussed response plans under various scenarios and instructed officials to establish a 24-hour monitoring system, according to the central bank. “We will assess market developments and stand ready to take appropriate action if needed,” a BOK official said, adding the central bank has established a special task force to that end. On Saturday, the U.S. and Israel launched a joint attack on Iran in a large-scale military operation, and U.S. President Donald Trump claimed the strike killed the Islamic Republic’s Supreme Leader Ayatollah Ali Khamenei.
