Inflation control and rate cuts under strain as South Korea prepares for volatility in energy and financial markets
South Korea’s presidential office convened a security and economic review meeting on Sunday to evaluate risks arising from Israel’s strikes on Iran over the weekend. The meeting focused on ensuring the safety of South Korean nationals, businesses and diplomatic missions in the Middle East. Officials confirmed that South Korea holds over 200 days’ worth of oil reserves, indicating a sufficient buffer against immediate disruptions to energy supplies.
Alongside reviewing energy security measures, officials pledged to monitor global financial and energy markets. While financial markets in South Korea remain stable, the presidential office emphasized its readiness to implement market-stabilizing measures if necessary.
South Korea’s presidential office convened a security and economic review meeting on Sunday to evaluate risks arising from Israel’s strikes on Iran over the weekend. The meeting focused on ensuring the safety of South Korean nationals, businesses and diplomatic missions in the Middle East. Officials confirmed that South Korea holds over 200 days’ worth of oil reserves, indicating a sufficient buffer against immediate disruptions to energy supplies.
Alongside reviewing energy security measures, officials pledged to monitor global financial and energy markets. While financial markets in South Korea remain stable, the presidential office emphasized its readiness to implement market-stabilizing measures if necessary.
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