The finance ministry held an emergency meeting on Sunday to discuss the possible economic impact caused by Iran’s drone strike against Israel.
Finance Minister Choi Sang-mok presided over the meeting with senior ministry officials in Seoul, stressing that the impact of the Mideast tensions on the South Korean economy can grow further depending on how the crisis plays out.
Choi said his ministry will operate a joint emergency response team of related agencies to closely monitor the financial market in South Korea and abroad 24 hours a day.
He also emphasized the need to examine the ministry’s “contingency plan” to respond swiftly to any urgent situation that can shock the South Korean economy and market concerning the escalating crisis in the Middle East.
Source: Yonhap News Agency