• Finance Ministry Expects Limited Impact From Fed's Rate Hike Signals
[Photo: Newsis]

South Korea plans to take measures to stabilize the country's financial market when needed, a senior government official said Thursday, after the Federal Reserve signaled at a rate hike in March tame inflation.

The Fed decided Wednesday to hold its key interest rate near zero, but said it will "soon be appropriate" to raise it.

Seoul's finance ministry assessed the Fed's monetary policy stance as hawkish.

But it said the outcome of the U.S. central bank's latest rate-setting meeting is expected to have a limited impact on the South Korean market.

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