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South Korea17 Apr

South Korea approves $7.1B Iran war support package

South Korea has approved a $7.1 billion support package to counter economic shocks from the Iran war.

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1 verified
Location
South Korea
Updated
Friday, 17 April 2026 at 20:00 UTC
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South Korea's Finance Minister has announced a $7.1 billion support package to counter economic shocks resulting from the Iran war. The program includes measures to stabilize supply chains, support businesses and households, and ensure energy supplies. A key component is guaranteeing the safe passage of ships through the Strait of Hormuz, a critical global chokepoint. The announcement was reported by Turkey's Anadolu Agency and shared by the IRGC Cyber Corps.
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