Acting President Choi Sang-mok said Friday that the government would take "bold" and "swift" measures to stabilize the financial and foreign exchange markets if volatility intensifies.

Acting President Choi Sang-mok on Friday directed authorities to expedite the investigation into the Jeju Air plane crash that claimed 179 lives.

South Korean investigators again asked the country’s acting president today to order the presidential security service to comply with an arrest warrant

South Korea's acting President Choi Sang-mok said on Thursday immediate action must be taken if a special inspection of all Boeing 737-800 aircraft operated in the country finds any

Finance Minister Choi Sang-mok became on Friday South Korea's second acting president in two weeks, as lawmakers voted to impeach the current acting leader, Prime Minister Han Duck-soo, fuelling political uncertainty in Asia's fourth-largest economy.

The turnover at the top of Asia’s fourth-largest economy left the government scrambling when Jeju Air flight 7C2216 slammed into a wall at Muan International Airport on Sunday

Police in South Korea have raided Muan International Airport as they ramped up investigations into the country's deadliest air disaster. They also searched the offices of Jeju Air and a regional aviation body,