South Korea Announces Supplementary Budget Amid Iran Conflict Impact

South Korea has introduced a supplementary budget aimed at mitigating the economic impact of the ongoing conflict in Iran. Bloomberg posted on X that the budget, amounting to billions of dollars, is designed to address the challenges posed by rising oil prices and global supply chain disruptions. These factors have increased pressure on both households and businesses across the nation. The government is taking proactive measures to stabilize the economy and support affected sectors during this turbulent period.