Hong Nam-ki "Monitoring US-Iran Conflict 24 Hours... Operating Task Forces for Foreign Exchange, Oil Prices, and Shipping" (Update)

Economic Vitality Measures Meeting... Discussion on Early Fiscal Execution and Major Public Institution Investments

[Image source=Yonhap News]

[Asia Economy Reporter Jang Sehee] Deputy Prime Minister and Minister of Economy and Finance Hong Nam-ki stated on the 8th, "We will comprehensively monitor sectors closely related to our economy, such as stock prices, exchange rates, and oil prices, 24 hours a day."

At the 28th Economic Vitality Measures Meeting held at the Government Seoul Office on the same day, Deputy Prime Minister Hong said, "We will operate joint or respective task forces of relevant ministries not only for the financial and foreign exchange markets but also for exports, oil prices, overseas construction, and overseas logistics sectors."

At the meeting, the government discussed ▲ early execution of this year's budget ▲ administrative response measures related to key economic vitality plans ▲ major public institution investments ▲ follow-up plans for economic policy directions, and reviewed domestic and international situations arising from the US-Iran conflict.

Deputy Prime Minister Hong emphasized, "We will closely analyze the impact of instability in the Middle East on our economy," adding, "We will continuously re-examine the existing sector-specific contingency plans that have already been prepared."

He continued, "In the event of abnormal signs, we will selectively implement measures according to the emergency response plan and respond proactively, swiftly, and accurately with these three strategies," and added, "We will make every effort to minimize the negative impacts on our economy."

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