The government will use all available resources to stabilize Korea's financial markets amid escalating tensions in the Middle East and the United States' rate freeze, Finance Minister Koo Yun-cheol said Thursday. Koo made the remarks at a meeting on macroeconomic and financial issues held amid market volatility sparked after critical energy facilities in the Middle East were attacked during the ongoing war between the U.S., Israel and Iran, while the U.S. Federal Reserve decided to keep its interest rates unchanged, according to the Ministry of Finance and Economy. The ministry said finance authorities agreed to continue round-the-clock monitoring of financial and foreign exchange (FX) markets, and take market stabilization measures, if needed, as uncertainties surrounding the Middle East persist. "We will closely track FX market conditions and take timely action if the movement of the Korean won deviates excessively from its underlying fundamentals," Koo said. In the bond market, the government and the Bank of Korea will closely work together to implement market stabilization measures i