Oil Importer Financing Reviewed as Middle East Uncertainty Persists

The finance ministry held the second meeting to review financial support for oil import companies on the 8th with oil importers, the Export-Import Bank of Korea and Korea National Oil Corp. The meeting was arranged to examine difficulties facing companies tied to oil imports and to review the status of financial support as uncertainty in the Middle East continues. At the meeting, attended by related institutions and companies, the government confirmed the need for support and said it would actively assist companies facing hardship. With instability in the Middle East still continuing, follow-up responses to review funding burdens and management difficulties at oil importers are expected to remain important. Source: yna.co.kr