Finance Minister Koo Yun-cheol speaks during a meeting of economy-related ministers at the Government Complex Seoul, Friday. Yonhap
Finance Minister Koo Yun-cheol said Friday the economy continues to maintain its "solid fundamentals" but pledged a continued emergency posture as uncertainties stemming from the Middle East standoff persist.
Korea posted its largest-ever monthly current account surplus in March, totaling $37.33 billion, while the country's exports exceeded $80 billion for the second consecutive month in April.
"Our economy maintains solid fundamentals even amid the crisis caused by the Middle East war," Koo said while presiding over a meeting of economy-related ministers, citing the two sets of data.
However, he noted that economic burdens are increasing amid continued rises in oil prices and as supply chains face disruptions.
"The government will firmly hold onto the helm of the economy until all uncertainties have subsided," he said.
He added the government froze the price ceilings on fuel products for the third consecutive time, which means the current pricing cap will be maintained for two more weeks.
Source: Korea Times News
