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South Korean economy braces for Middle East fallout, banks step in
Financecyprus-mailKorea Herald2d ago2 sources

South Korean economy braces for Middle East fallout, banks step in

South Korea’s financial sector is preparing for potential fallout from escalating conflict in the Middle East, with major banking groups rolling out emergency support programs for companies exposed to rising geopolitical risks while authorities step up monitoring of financial markets. Hana Financial Group said Monday it will provide a 12 trillion won ($8.2 billion) financial support package through Hana Bank for companies vulnerable to disruptions linked to the conflict, including emergency liqu