“The government will appropriately implement and manage the 100 trillion-won market stabilization program designed to prevent instability,” said President Lee Jae-Myung.
South Korea's Kospi fell 12 percent on Wednesday and has risen 8.9 percent so far on Thursday.
Japan's Nikkei 225 index is up 1.5 percent in Thursday trading, while the broader Topix is up 1.6 percent.
The Hong Kong-based Hang Seng is up 0.9 percent, Shanghai is up 0.8 percent and Shenzhen is up 1.7 percent.
