Government and oil companies to establish 'oil swap'
The government will establish an 'oil swap' with refineries, lending 20 million barrels of reserve oil over two months. This aims to prevent supply shortages due to shipping delays.
Exim Bank holds emergency meeting on energy crisis
Korea Exim Bank held emergency meeting with KDB and KNOC to discuss energy security amid Middle East tensions. They agreed to strengthen financial support for stable energy supply.
KDB and Eximbank held an emergency meeting with KNOC to discuss joint measures against the energy crisis caused by the Iran war, including financial support for oil procurement and debt repayment.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.