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South Korea activates Sh9 trillion market stability fund over Mideast crisis

South Korean President Lee Jae Myung delivers a speech at the Philippines-Korea Business Forum in Pasay, Metro Manila on March 4, 2026. [AFP]

South Korea's president ordered the activation of a Sh9 trillion market stabilisation fund Thursday, citing the need to smooth out volatility caused by war in the Middle East.

"The escalating crisis in the Middle East is significantly worsening the global economic and security environment," President Lee Jae Myung said.

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