The South Korean government says British lawmakers' rejection of Prime Minister Theresa May's Brexit deal will have a limited impact on global financial markets.<br />That said,... relevant ministries will draft contingency plans to swiftly prepare for any mass fluctuations in the local securities market.<br />Speaking at a meeting on Wednesday, First Vice Minister of Economy and Finance Lee Ho-seung said regardless of what happens with Brexit,... its effect on South Korea's real economy will be limited as the country's trade volume with the UK is relatively low.<br />But he admitted uncertainties will increase for Korean companies doing business in Britain.<br />South Korea plans to push ahead with a bilateral free trade agreement with Britain once it leaves the European Union,... while maintaining its current tariff rates with the EU. <br />
