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Korean banks’ Middle East exposure hits W4.3tr
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Updated 2 hours ago
First seen March 19, 2026 16:30:09Stay on top of this story
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Quick Summary
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