The South Korean government has proposed a US$17.2 billion supplementary budget to tackle the crisis. SEOUL: South Korea's economy is on a "wartime footing" over the Iran war , President Lee Jae Myung said Thursday (Apr 2), after the government proposed a US$17.2 billion supplementary budget to tackle the crisis. Oil prices have surged amid the US-Israeli war on Iran, raising growth and inflation risks for South Korea, which is heavily reliant on Middle Eastern crude for around 70 per cent of

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