
On October 2, President Yoon Suk-yeol presided over an "Emergency Economic and Security Meeting" at the presidential office in Yongsan. The meeting was convened to assess the rapidly escalating situation in the Middle East, particularly following the recent military clashes between Israel and Hezbollah, and to discuss the potential impact on South Korea’s security and economy, while outlining future response measures.
Participants reviewed the current state of affairs in the region, evaluating the safety of South Korean citizens abroad, domestic businesses, deployed military units, and diplomatic missions. The group also examined various contingency plans for all possible scenarios. Special attention was given to monitoring the movements in global oil prices and exchange rates, as well as the broader ripple effects these could have on South Korea’s economy, including the supply chain and inflation.
President Yoon underscored the importance of protecting South Korean citizens in Israel and the broader Middle East, instructing all necessary measures to be taken. The president ordered the immediate deployment of military transport aircraft to assist with the evacuation of South Koreans if needed. He also emphasized the need for close cooperation with the international community to restore stability in the region as quickly as possible.
Given the heightened uncertainty in the Middle East, Yoon directed the government to maintain a 24-hour monitoring system, ensuring close collaboration among relevant ministries and agencies while remaining prepared for any possible developments. He also called for a comprehensive analysis of potential risks to South Korea’s economy and security, including energy supply, export-import logistics, and supply chains, urging swift and effective countermeasures when necessary.








