South Korea is unlikely to see much impact as the Federal Reserve raises rates.
This is according to the country's First Vice Minister of Economy and Finance, Lee Eog-weon , speaking today in a meeting on the financial markets.
The vice minister said that overnight there had been less volatility in overseas markets than expected.
But as rates rise, he said, the government will keep close tabs on the market and work with the Bank of Korea to stabilize it if needed and support vulnerable people.
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