04.03.2026 11:11
The fluctuations in global markets caused by the war between the US-Israel and Iran have also affected South Korea. While the Kospi index experienced a sharp decline, the country's currency, the won, fell to its lowest level against the dollar in nearly 17 years.
The ongoing war between the US-Israel and Iran has led to severe fluctuations in global markets, with one of the biggest impacts seen in South Korea.
The country's main stock index, Kospi, experienced declines of up to 12% on some days, leading to the implementation of circuit breakers.
FIRST TIME IN 17 YEARS
The shock created by the war in energy markets and the rapid rise in oil prices have pushed investors away from risky assets, while South Korea's currency, the won, has fallen to its lowest level against the dollar in nearly 17 years.
IF THE WAR DRAGS ON, THE CRISIS WILL DEEPEN
It is noted that the South Korean economy, which is heavily dependent on energy imports, is quite sensitive to developments in the Middle East, and experts warn that if the war prolongs, fluctuations in Asian markets may continue.