SEOUL - President Yoon Suk Yeol chaired an emergency session on Sunday to address the potential repercussions of the recent surge in Middle East conflicts on both the global and South Korean economies. The discussions were in response to Iran's missile and drone assaults on Israel.
According to Yonhap News Agency, the meeting focused on the evolving global security landscape and its implications for South Korea's economic stability and security protocols. The assembly resolved to meticulously monitor international oil price fluctuations and currency exchange trends to swiftly counteract potential economic disturbances, including those affecting supply chains.
President Yoon emphasized the importance of devising robust safety strategies for South Koreans residing in or visiting the affected areas. In related developments, Finance Minister Choi Sang-mok convened a separate discussion in Seoul to evaluate the financial impact of the Middle East situation, reinforcing the commitment to a vigilant economic oversight in these unpredictable times.