Seoul: The Bank of Korea (BOK) will hold an emergency market response meeting Wednesday to check the impact of emergency martial law on the market and discuss various responses, bank officials said. According to Yonhap News Agency, the meeting will take place early Wednesday morning, attended by all senior officials of the central bank. The move comes after President Yoon Suk Yeol declared martial law in an unscheduled late-night address Tuesday, accusing the opposition side of conducting "anti-state activities." BOK Gov. Rhee Chang-yong attended an emergency meeting presided by Finance Minister Choi Sang-mok where authorities vowed to mobilize "all possible market stabilization measures," including "the injection of unlimited liquidity." The meeting was also attended by the chiefs of the Financial Services Commission and the Financial Supervisory Service. It is the first time since 1979 that martial law has been declared in the country. Following the announcement, the Korean won had fallen sharply against the U.S. dollar and the cryptocurrency market had fluctuated.