South Korea Finance Minister vows measures to stabilise market volatility if needed

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South Korea Finance Minister vows measures to stabilise market volatility if needed

SEOUL - South Korea's finance minister stepped up warnings on Monday that the government is ready to act to counter any renewed volatility in currency markets after the won has extended declines against the dollar to hit the lowest in a year and a half.

He also said the government will extend a tax cut on fuel consumption by two months until the end of June in an effort to curb inflation amid escalating global geopolitical risks.

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