[Breaking] Hong Nam-ki and Kim Sang-jo Urgently Report Iran Situation to National Assembly

[Image source=Yonhap News]

[Asia Economy Reporter Park Cheol-eung] On the morning of the 9th, Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, and Kim Sang-jo, Chief of the Blue House Policy Office, visited the National Assembly to urgently report on South Korea's economic response measures to the 'Iran situation.' Around 9:15 a.m. that day, they first met with Lee Hae-chan, leader of the Democratic Party of Korea.

Deputy Prime Minister Hong and Chief Kim are known to have met not only with the Democratic Party but also with opposition parties to explain the government's response status and to request cooperation from the political circles.

On the 8th, Kim Yong-beom, First Vice Minister of the Ministry of Economy and Finance, held a joint response team meeting with related ministries at the government Seoul office regarding the Middle East situation. This is a pan-government response system utilizing an expanded macroeconomic and financial meeting to closely examine major sector trends and response measures related to the Middle East situation.

Vice Minister Kim serves as the general team leader, with deputy ministers from five main departments acting as team leaders: Financial Market (Financial Services Commission), International Oil Prices (Ministry of Trade, Industry and Energy), Real Economy (Ministry of Trade, Industry and Energy), Overseas Construction (Ministry of Land, Infrastructure and Transport), and Maritime Logistics (Ministry of Oceans and Fisheries).

A 24-hour monitoring system for their respective areas is in operation, and in preparation for worsening conditions, the already established contingency plan is being thoroughly re-examined. If necessary, selective measures will be taken according to the situation to respond preemptively, promptly, and precisely.

This content was produced with the assistance of AI translation services.