South Korea monitoring impact from Silicon Valley Bank crisis: Finance minister

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South Korea monitoring impact from Silicon Valley Bank crisis: Finance minister
France Dernières Nouvelles,France Actualités

SEOUL: South Korea's finance minister said on Sunday (Mar 12) the country was closely monitoring any impact from the collapse of Silicon Valley Bank on South Korean markets.

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Top financial officials met on Sunday to discuss the collapse, the biggest bank failure since the 2008 financial crisis, the finance ministry said in a statement.

The ministry said it would closely monitor the situation despite views from experts that the start-up-focused lender's insolvency would not spill into other financial systems.

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