Korea rolls out W1.5tr aid as Mideast turmoil hits supply chains

South Korea will roll out a 1.5 trillion won ($1 billion) financial support package for local companies affected by the escalating conflict in the Middle East, while temporarily designating naphtha as an economic security item amid rising supply chain risks. Finance Minister and Deputy Prime Minister Koo Yun-cheol announced the measures at an emergency economy ministers’ meeting and a supply chain stabilization committee meeting in Seoul on Wednesday. "The situation in the Middle East has persis

By The Korea Herald