Seoul, May 15 (IANS) South Korea is gradually feeling the impact of the prolonged conflict in the Middle East through higher consumer prices despite strong export data, the finance minister said on Friday, vowing proactive steps to stabilise supply chains.Finance Minister Koo Yun-cheol presided over a meeting of economy-related ministers in Seoul to discuss countermeasures against the economic fallout from the geopolitical crisis in the Middle East, according to the Ministry of Finance and Econo…
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Seoul, May 3 (IANS) South Korean Finance Minister Koo Yun-cheol on Sunday called for strengthening regional cooperation in responding to growing external economic uncertainty from the US-Israeli war against Iran, the country’s Finance Ministry said.Koo made the call during the 29th meeting of ASEAN+3 Finance Ministers and Central bank governors held on Sunday in Samarkand, Uzbekistan, according to the Ministry.ASEAN+3 involves member states of the Association of Southeast Asian Nations (ASEAN) a…
Seoul, May 3 (IANS) Finance Minister Koo Yun-cheol on Sunday called for strengthening regional cooperation in responding to growing external economic uncertainty from the U.S.-Israeli war against Iran, the finance ministry said.Koo made the call during the 29th meeting of ASEAN+3 finance ministers and central bank governors held Sunday in Samarkand, Uzbekistan, according to the ministry, reports Yonhap news agency.ASEAN+3 involves member states of the Association of Southeast Asian Nations (ASEA…
Washington, April 18 (IANS) Finance Minister Koo Yun-cheol said the Korean won has been stabilising against the US dollar following its depreciation amid the ongoing US-Israeli war against Iran, expressing hopes that it will align with market expectations.Koo made the remarks during a meeting with Korean reporters in Washington, as the Korean currency strengthened to the 1,460 won range against the greenback after Iran’s reopening of the crucial Strait of Hormuz, amid expectations that the Unite…