South Korea's finance minister Yoo Il-ho today said the government stood ready to act to stabilize financial markets if needed. Addressing during a Seoul forum attended by officials and financial experts, Mr. Yoo Il-ho said that Emerging markets are experiencing huge decrease in their currencies as well as "capital outflows" as their economies are swayed by policy decisions in advanced nations.Mr. Yoo said South Korea's economy has strong fundamentals compared with other emerging economies, however, reiterated that Seoul continues to monitor money markets and foreign exchange liquidity conditions in particular.