Government Activates 91 Trillion Won Market Stability Fund.

In response to escalating geopolitical volatility in the Middle East, President Lee Jae-myung officially ordered the activation of a 91 trillion won market stabilization fund today. The move is designed to proactively steady South Korean financial markets, including equities and foreign exchange, which have seen increased fluctuations this week. As part of the response, the government is also granting domestic refiners access to national oil reserves to prevent industrial production disruptions caused by rising global energy costs.

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