Economic Impact of Middle East Tensions on Korea
70% of South Korea's oil passes through the Strait of Hormuz.
Brent oil prices rose above $100 due to Middle East tensions.
Lee expanded 100 trillion-won program and enforced anti-collusion measures.
Korean stocks fell 8%, and the won dropped to 1,500 before recovering.
Officials plan to release strategic oil reserves.
Lee called for alternative supply routes outside the Strait of Hormuz.
8 hours ago