South Korean Acting Finance Minister Lee Hyoung-il said on Sunday that his government will “swiftly take any necessary measures” to cope with economic fallout from the conflict with Iran.
“Each institution needs to closely coordinate with extreme caution in responding to the Middle East situation that has entered a new phase and swiftly take necessary measures if an unusual event occurs,” Lee said at an emergency meeting in Seoul held in response to U.S. airstrikes on Iran’s nuclear program.
The meeting included officials from South Korea’s trade and foreign ministries, plus the central bank and the country’s top financial commissions.
Lee said uncertainty was “very high” in the aftermath of the airstrikes, so his department would carefully monitor further developments in the Middle East and
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