'Danger level' for S. Korea's financial markets raised
Seoul - Yonhap
The danger level for South Korea's financial markets has been raised recently, officials said Thursday, amid deepening fiscal debt problems in Europe and worries over another global recession. South Korea has a five-tier danger scale to reflect the situation in nation's financial markets and how much the markets are exposed to external risks. The lowest is "normal" and the highest is "serious," according to the officials from the Financial Services Commission (FSC) and its executive body, the Financial Supervisory Service (FSS).
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