President Lee Jae Myung ordered the government Thursday to swiftly execute a 100 trillion-won (US$68.3 billion) financial package to stabilize the capital markets amid the widening war in the Middle East.Lee gave the instruction during an extraordinary Cabinet meeting convened to discuss the situation following last weekend's U.S.-Israeli strikes on Iran, saying the escalating crisis has led to a serious deterioration of the global economic and security environment.
"First, we must actively respond to the increased volatility of the financial markets, such as in stocks and the exchange rat…READ FULL ARTICLE