The government's top priority is responding to the Middle East situation in the short term, while reducing Korea's structural dependence on oil over the medium to long term.

Currently, imported oil is from before the conflict. It will come in at a higher price. If future imports become even more expensive, the government plans to raise the price cap accordingly.

If refiners incur losses due to the price cap, the government intends to compensate for those losses.

The government has begun preparing a supplementary budget to support those suffering losses due to rising oil prices, including freight transporters, SMEs, and small business owners.

The recent won weakness is not due to a dollar shortage but reflects Middle East developments. The current account surplus is expected to improve on the back of the semiconductor boom.

The stock market's recent drop is seen as part of a normalization process after strong gains, not a drastic sell-off.