South Korea's Ministry of Economy and Finance urged overseas economic and financial attachés to monitor external risks and promptly report emerging threats. At a video conference, Deputy Prime Minister and Minister of Economy and Finance Lee Hyoung-il highlighted possible US policy shifts following the midterm elections and global spillovers from France's fiscal crisis. He also called for scrutiny of how wars involving Russia and Ukraine, and the United States and Iran, could affect oil prices and supply chains.
South Korea's Ministry of Economy and Finance called for closer monitoring of US policy shifts, European fiscal risks and geopolitical conflicts that could affect the domestic economy. At his first video conference with overseas economic and financial attachés since taking office, Deputy Prime Minister and Minister of Economy and Finance Lee Hyoung-il instructed them to report newly identified risks promptly to the ministry.
The attachés were asked to track how political changes following the US midterm elections could influence the Trump administration's policy direction and how other major economies respond. Other priorities include potential global spillovers from France's fiscal crisis and the effects of prolonged wars between Russia and Ukraine and between the United States and Iran on international oil prices and global supply chains. Lee assessed that strong exports were bringing South Korea close to its first USD 1 trillion export total, while warning that uncertainty over major economies' trade policies and other external risks could affect the economy.
South Korea's Ministry of Economy and Finance outlined plans to monitor global markets and prepare measures against excessive domestic stock market reactions following the US midterm elections. Exports are expected to reach USD 1 trillion in November, but their dependence on AI investment and semiconductor demand leaves them exposed to shifts in…
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