South Korea will hold an emergency meeting Wednesday evening to address a stock market rout that has erased billions of dollars from investor holdings, according to a report. The meeting comes amid heightened market volatility. Separately, South Korean President Lee Jae Myung and Brazilian President Luiz Inacio Lula da Silva agreed on Monday to revive negotiations for a free-trade agreement between South Korea and Mercosur, the South American trade bloc. Observers said South Korea must demonstrate it is a trustworthy partner committed to revitalizing manufacturing industries, rather than a competitor solely interested in extracting natural resources, to unlock access to South American trade. The two events underscore South Korea's push to stabilize its financial markets while expanding economic ties abroad.