Korea’s gas prices surged and the stock market tumbled amid heightened geopolitical tensions in the Middle East.
Young Koreans are turning to gold investments as the asset's prices reach a record high.
South Korea's top spy agency is currently determining whether North Korean military technology was used in the ballistic missiles fired in Iran's attack on Israel last week.
Korea issued a provisional special travel advisory for Iran as of Monday in response to escalated tensions in the Middle East.
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.
The government has extended the fuel tax cut to the end of June as oil prices fluctuate with escalating tension in the Middle East.
The South Korean government will bolster monitoring of foreign exchange rates and oil supply chains in the aftermath of Iran's attack on Israel on Saturday.
Seoul strongly condemned Iran's attack on Israel, which did not result in any Korean casualties, according to the Foreign Ministry.
Korea are now just one game away from their seventh Asian Cup final, with only a rematch against group stage rivals Jordan standing between the Taeguk Warriors and a shot at their first Asian title since 1960.
Korea JoongAng Daily Sitemap