Yoon to Hold Emergency Economic and Security Review Meeting on Israel-Palestine Situation This Afternoon

Eunhye Kim, Chief Public Relations Officer, Written Briefing
Likely to Review Economic Impact and Potential North Korean Provocations

President Yoon Suk-yeol will hold an emergency economic and security review meeting on the 11th in response to the armed conflict between Israel and the Palestinian militant group 'Hamas.'

[Image source=Yonhap News]

President Yoon is scheduled to hold an emergency security review meeting regarding the Israel-Palestine situation in the afternoon, Kim Eun-hye, the senior spokesperson of the Presidential Office, conveyed in a written briefing.

The meeting will be attended by Foreign Minister Park Jin, Defense Minister Shin Won-sik, Minister of Trade, Industry and Energy Moon Sung-kyu, National Intelligence Service Director Kim Kyu-hyun, First Vice Minister of Strategy and Finance Kim Byung-hwan, Chief of Staff Kim Dae-gi, and National Security Office Director Cho Tae-yong, Kim explained.

Concerns are rising that the armed conflict between Israel and Hamas, occurring amid ongoing high inflation due to the Ukraine war and other factors, could negatively impact South Korea's economy.

Regarding this, President Yoon stated at the Cabinet meeting the previous day, "The government must not let its guard down and must respond closely to external instability factors to prevent further hardships for the people," adding, "Related ministries, led by the Deputy Prime Minister for Economy, should monitor domestic and international economic and financial situations in real time and thoroughly manage risks related to economic instability."

Since North Korea could potentially launch a surprise attack using tactics similar to Hamas, it is also interpreted that President Yoon intends to directly review preparedness during this meeting. Hamas is believed to have used weapons presumed to be 'F-7 high-explosive fragmentation rockets' produced in North Korea, and has publicly expressed support for Hamas through the Workers' Party newspaper, Rodong Sinmun.

Kang Shin-chul, Chief of Operations at the Joint Chiefs of Staff, reported on the 'Lessons and Response Measures from the Israel-Hamas War' at the National Defense Committee's audit of the Ministry of National Defense held at the Yongsan Ministry of National Defense building the previous day. In his report, Chief Kang mentioned the possibility of North Korea conducting surprise attacks using Hamas-style tactics, diversifying attack methods including civilian equipment, exploiting vulnerabilities in advanced defense systems, and conducting psychological warfare using domestic social media.

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