The government must prepare measures from multiple angles to minimize the external shock spillover to the domestic economy.
Korea’s stock market retreated and the won reached its weakest point against the greenback in 17 months on Monday as tensions in the Middle East escalated following Iran’s recent strikes against Israel.
Gold prices broke $2,400 an ounce for the first time on Friday as tensions escalate in the Middle East.
Iraqi military officials visited Korea last week to inspect a domestically developed helicopter, fueling speculation that the country will purchase aircraft.
Oil prices rebounded following conflicts in the Middle East, despite a previous slump due to Saudi Arabia's slashing of rates. Market analysts attribute ongoing fluctuations to geopolitical risks.
Woori Bank aims to increase its presence in Southeast Asia, Middle East, and Europe, with a goal of raising net profit from overseas branches by 25 percent by 2030, focusing on Southeast Asia.
Under the joint venture, the bakery brand will open stores in 12 Middle Eastern and African countries, including Saudi Arabia, UAE, Qatar, Kuwait, and Bahrain, by 2033.
Hyundai Motor has joined forces with Saudi Arabia's Public Investment Fund (PIF) to build car manufacturing facilities in the country.
But during the turbulent international situation, Japanese diplomacy is in full swing to find a role as a major actor with national interest at the center.
Korea JoongAng Daily Sitemap