South Korean authorities will keep monitoring for any domestic impact from banking troubles in the United States and Europe, the finance minister reiterated on Friday.

A possibility remained for further volatility in financial markets and economic uncertainties, although most analysts saw limited local implications, Choo Kyung-ho said during a meeting with macroeconomic and financial experts.

Participants suggested that authorities focus on risk management, rather than any sudden shift in the fiscal or monetary policy stance, the finance ministry said in a statement. (Reporting by Jihoon Lee; Editing by Clarence Fernandez)