Seoul: Finance Minister Choi Sang-mok announced Thursday that the government is prepared to take active measures to address excessive fluctuations in the foreign exchange (FX) market if necessary. Since Donald Trump's victory in the U.S. presidential election last week, the local currency has been experiencing volatility, hovering around the significant level of 1,400 won against the U.S. dollar. According to Yonhap News Agency, during a meeting with other economic policymakers in Seoul, Minister Choi emphasized the government's readiness to implement market stabilization measures promptly and effectively in response to excessive volatility in the financial and FX markets. This echoes a previous statement he made in mid-April, when the exchange rate similarly surged to around 1,400 won against the greenback amid rising tensions in the Middle East. Minister Choi also highlighted the importance of maintaining strong cooperation and a robust response system as part of the government's contingency plans. The me eting's attendees shared the view that uncertainties surrounding policy changes during the transition period before the new U.S. administration assumes office are contributing to market instability. Trump's proposed policies, including high tariffs on imported goods, protectionist measures, and tax cuts, have raised concerns among experts. These changes are believed to potentially increase the U.S. budget deficit, heighten inflationary pressures, and slow down the Federal Reserve's rate-cutting actions.