Korean banks’ Middle East exposure hits W4.3tr

South Korean authorities said the war in the Middle East has so far had a limited impact on the country’s financial industry, while warning that a prolonged crisis could "weigh significantly" on both the real economy and financial markets. The Financial Services Commission held a meeting Thursday with associations and institutions across major financial sectors to assess the fallout from the latest Middle East tensions, as higher oil prices, rising foreign-exchange volatility and climbing bond y

By The Korea Herald