Finance Minister Koo Yun-cheol, right, attends a meeting with economy-related ministers held at Seoul Government Complex in Seoul, Friday. Yonhap
The recent memorandum of understanding (MOU) between Washington and Tehran aimed at ending their conflict presents both opportunities and challenges for Korea, the finance minister said Friday, noting the government will implement post-conflict economic policies.
Finance Minister Koo Yun-cheol made the remark during a ministerial meeting on international economic affairs, saying the government will seek to create long-term opportunities while strengthening its economic security and enhancing supply chain resilience.
"We will aim to secure areas of cooperation with Middle Eastern nations on reconstruction and improving their fiscal health," the finance minister said. "We will address risks in the global supply chain highlighted by the recent conflict."
Touching on Washington's proposed tariffs on dozens of countries, including Asia's fourth-largest economy, over their alleged failure to enforce import bans on products made with forced labor, Koo said Seoul will make proactive efforts to seek a balance that serves the interests of both countries.
