South Korean Finance Minister: The Middle East conflict has begun to impact the economy According to a report by Golden Finance, on May 15th, South Korean Finance Minister Gwaru Chol stated on Friday that although export data remains strong, the long-term conflict in the Middle East is gradually affecting the South Korean economy through rising consumer prices, and the government will take active measures to stabilize the supply chain. According to the South Korean Ministry of Planning and Finance, Gu Runzhe presided over a meeting of economic ministers in Seoul on the same day to discuss countermeasures to address the economic impact of the Middle East geopolitical crisis. The Ministry of Finance quoted Gu Runzhe as saying, "The long-term war has begun to have a significant impact on the real economy and people's lives in South Korea." Gu Runzhe also expressed gratitude to South Korean gas stations for cooperating with the government's fuel price ceiling mechanism, and pointed out that the current market oil prices are still below the ceiling level. He added that South Korea will closely evaluate changes in the economic environment, including the prosperity of the semiconductor industry, and study measures to alleviate economic polarization. The Ministry of Finance stated that South Korea will announce its economic growth strategy for the second half of the year at the end of June. In addition, Gu Runzhe also chaired a meeting of real estate related ministers and stated that the government will use all available means to stabilize the real estate market. (Dongxin Society)