Seoul: Finance Minister Koo Yun-cheol said Friday the economy continues to maintain its "solid fundamentals" but pledged a continued emergency posture as uncertainties stemming from the Middle East standoff persist. South Korea posted its largest-ever monthly current account surplus in March, totaling US$37.33 billion, while the country's exports exceeded $80 billion for the second consecutive month in April.

According to Yonhap News Agency, Koo highlighted the resilience of the South Korean economy despite the ongoing crisis in the Middle East. "Our economy maintains solid fundamentals even amid the crisis caused by the Middle East war," Koo stated while presiding over a meeting of economy-related ministers, referencing the impressive economic data.

However, Koo also acknowledged the economic challenges arising from continued increases in oil prices and disruptions in supply chains. He assured that "The government will firmly hold onto the helm of the economy until all uncertainties have subsided," signaling the administration's commitment to navigating these troubled waters.

In a bid to mitigate the impact of rising oil prices, Koo announced that the government has decided to freeze the price ceilings on fuel products for the third consecutive time, maintaining the current pricing cap for an additional two weeks.