Finance Minister Choi Sang-mok expressed the South Korean government's commitment to closely monitoring and responding to the heightened tensions in the Middle East following Iran's missile attack on Israel. The attack, which Iran claimed was in retaliation for recent killings of top Hezbollah and Hamas officials, has increased volatility in global financial markets and oil prices. Choi emphasized the need for vigilance and swift action to address any potential impact on South Korea's financial market and real economy, in coordination with relevant agencies. In response to the incident, the government conducted an emergency meeting with various agencies to assess the situation's impact on the market. First Vice Finance Minister Kim Beom-seok noted that while the impact on oil supplies, exports, imports, and supply chains has been limited so far, the government remains prepared to address any developments and strengthen monitoring and responses. The Korea Composite Stock Price Index (KOSPI) traded lower amidst the ongoing tensions in the region, underscoring the need for proactive measures to mitigate excessive market volatility.