01-April-2026
Economy News
 
South Korea Proposes $17.3 Billion Extra Budget to Mitigate Middle East Shock
31-Mar-2026

South Korea proposed a supplementary government budget of $17.3 billion on Tuesday to support consumers and companies hit by the war in the Middle East. A surge in oil prices sparked by the U.S.-Israeli war on Iran has raised growth and inflation risks for Asia's fourth-largest economy, which is also the world's fourth-largest importer of oil, with 70% of its purchases coming from the Middle East.

News Source:- https://money.usnews.com/investing/news/articles/2026-03-30/south-korea-proposes-17-3-billion-extra-budget-to-mitigate-middle-east-shock
 
 
 

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