Middle East Uncertainty Keeps Oil Importers in Focus as Government Reviews Support

The Ministry of Finance and Economy held the second financial support review meeting for oil-importing companies on the 8th with oil importers, the Export-Import Bank of Korea and Korea National Oil Corporation. The meeting was organized as uncertainty in the Middle East continues and the government seeks to actively support companies facing difficulties. Participants reviewed the status of financial support for oil-importing firms and checked the related support framework. The government said external instability could add to corporate burdens and that it would work with relevant institutions to examine necessary assistance. Source: yna.co.kr