Seoul: The Bank of Korea (BOK) has stepped up monitoring of the financial market for any adverse impact from the joint attack by the United States and Israel on Iran, officials said Sunday.

According to Yonhap News Agency, BOK Governor Rhee Chang-yong presided over an emergency meeting Sunday to discuss response plans under various scenarios. He instructed officials to establish a 24-hour monitoring system to keep a close watch on market developments. "We will assess market developments and stand ready to take appropriate action if needed," a BOK official stated. The central bank has established a special task force to facilitate this enhanced monitoring.

The heightened vigilance comes in the wake of a joint military operation launched by the U.S. and Israel on Saturday against Iran. During the operation, U.S. President Donald Trump claimed that the strike resulted in the death of Iran's Supreme Leader Ayatollah Ali Khamenei.