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A photorealistic illustration of South Korea's slowing job market in Seoul, showing concerned workers on a quiet city street amid signs of economic challenges.
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South Korea adds 74,000 jobs in April, slowest in 16 months

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South Korea added 74,000 jobs in April, marking the slowest growth in 16 months amid higher oil prices and weaker consumer sentiment from the Middle East conflict.

The rupiah reached Rp17,500 per US dollar on Tuesday, May 12, 2026. The pressure stems from a mix of global and domestic factors.

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Finance Minister Koo Yun-cheol said Monday that temporary price caps on fuel products will remain in place for some time due to instability in the Middle East.

Deputy finance ministers from South Korea, China, Japan and ASEAN discussed economic impacts and responses to the Middle East conflict. The virtual ASEAN+3 Finance and Central Bank Deputies' Meeting on Wednesday heard warnings from the IMF and ADB about downside risks to the global economy from rising geopolitical tensions. Participants shared policy measures and called for closer regional coordination.

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An exhibition of 151 Iranian artifacts at the Inner Mongolia Museum in Hohhot has drawn growing attention since the Middle East conflict began. Iranian media reported damage to Tehran's Unesco-listed Golestan Palace during US-Israeli strikes. The display underscores China's role as a safe haven for vulnerable global heritage.

The World Bank Group has announced a coordinated plan to provide financial aid to vulnerable countries like Kenya amid the Middle East conflict's effects. President William Ruto warned oil marketers against hoarding fuel for profit. This comes as fuel prices surge and some Kenyan petrol stations report shortages.

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An Iranian missile struck the Prince Sultan Air Base near Riyadh on Friday, wounding several U.S. service members and damaging aircraft. A U.S. official confirmed the injuries at the Saudi-U.S. shared facility. The attack comes amid ongoing Iranian strikes on U.S. bases since the war began a month ago.

 

 

 

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