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South Korean Finance Minister Hong Nam-ki said in a policy meeting in Seoul that the government will fund efforts to contain the spread of coronavirus within the existing budget.

Additional Headlines:

Govt will be ‘all out’ to protect citizens from coronavirus, minimize the impact on the economy.

Closely monitoring financial markets, will promptly act to stabilize markets if needed.

The impact on local economy from coronavirus seen limited so far.

Virus outbreak may impact S. Korea’s exports, economic growth.