my timesThe Korea Times

Finance ministry holds emergency meeting to discuss Mideast crisis

Listen
  • Published KST
  • Updated KST
Finance Minister Choi Sang-Mok, center, holds a meeting with ministry officials at the government complex in Seoul in this photo provided by the Ministry of Economy and Finance, April 14. Yonhap

Finance Minister Choi Sang-Mok, center, holds a meeting with ministry officials at the government complex in Seoul in this photo provided by the Ministry of Economy and Finance, April 14. Yonhap

The finance ministry held an emergency meeting on Sunday to discuss the possible economic impact caused by Iran's drone strike against Israel.

Finance Minister Choi Sang-mok presided over the meeting with senior ministry officials in Seoul, stressing that the impact of the Mideast tensions on the Korean economy can grow further depending on how the crisis plays out.

Choi said his ministry will operate a joint emergency response team of related agencies to closely monitor the financial market in Korea and abroad 24 hours a day.

He also emphasized the need to examine the ministry's "contingency plan" to respond swiftly to any urgent situation that can shock the Korean economy and market concerning the escalating crisis in the Middle East. (Yonhap)