![The Finance and Economy Ministry building at the Government Complex Sejong. [Photo by reporter Kim Yu-jin]](https://image.ajunews.com/content/image/2026/04/26/20260426103959108667.jpg)
The Finance and Economy Ministry building at the Government Complex Sejong. [Photo by reporter Kim Yu-jin]
South Korea’s government is working to set policy directions for an economic restructuring aimed at responding to heightened global uncertainty following the Middle East war.
The Finance and Economy Ministry said it held a meeting April 24 at the Government Complex Seoul with experts from state-funded research institutes under the National Research Council for Economics, Humanities and Social Sciences to discuss policy directions for the economy after the war.
Participants included the Korea Institute for Industrial Economics and Trade, the Korea Development Institute (KDI), the Korea Institute for International Economic Policy, the Science and Technology Policy Institute, the Korea Energy Economics Institute, the Korea Labor Institute, the Korea Environment Institute and the Korea Research Institute for Human Settlements.
Kang Ki-ryong, assistant vice minister at the ministry, said the situation remains uncertain because developments in the Middle East war are changing by the moment, but urged participants to help identify short- and long-term policy tasks so the country can prepare in advance.
Attendees agreed the crisis has again underscored the importance of supply chains and economic security, and said the government should consider in advance how the economic system may change and prepare response strategies.
The ministry said it plans to broaden the collection of expert views, including through cooperation with the National Economic Advisory Council.
The Finance and Economy Ministry said it held a meeting April 24 at the Government Complex Seoul with experts from state-funded research institutes under the National Research Council for Economics, Humanities and Social Sciences to discuss policy directions for the economy after the war.
Participants included the Korea Institute for Industrial Economics and Trade, the Korea Development Institute (KDI), the Korea Institute for International Economic Policy, the Science and Technology Policy Institute, the Korea Energy Economics Institute, the Korea Labor Institute, the Korea Environment Institute and the Korea Research Institute for Human Settlements.
Kang Ki-ryong, assistant vice minister at the ministry, said the situation remains uncertain because developments in the Middle East war are changing by the moment, but urged participants to help identify short- and long-term policy tasks so the country can prepare in advance.
Attendees agreed the crisis has again underscored the importance of supply chains and economic security, and said the government should consider in advance how the economic system may change and prepare response strategies.
The ministry said it plans to broaden the collection of expert views, including through cooperation with the National Economic Advisory Council.
* This article has been translated by AI.
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