Gov't to take 'timely' measures against market volatility: finance minister

South Korea will closely monitor economic conditions and take "timely" measures, the finance minister said Friday, amid recent volatility in the financial markets.

Finance Minister Koo Yun-cheol made the remark during a meeting with economy-related ministers in Seoul, noting South Korea's economic fundamentals nevertheless remain strong, as reflected in the latest industrial output data.

Industrial production rose 2.3 percent in June from a month earlier, marking the sharpest growth since a 2.9 ...