{"id":9823,"date":"2026-04-26T19:18:32","date_gmt":"2026-04-26T15:48:32","guid":{"rendered":"https:\/\/fajr.news\/?p=9823"},"modified":"2026-04-26T19:18:32","modified_gmt":"2026-04-26T15:48:32","slug":"south-koreas-kospi-soars-past-6500-amidst-economic-rebound-government-unveils-critical-oil-price-support-fund","status":"publish","type":"post","link":"https:\/\/fajr.news\/?p=9823&lang=en","title":{"rendered":"South Korea&#8217;s KOSPI Soars Past 6,500 Amidst Economic Rebound; Government Unveils Critical Oil Price Support Fund"},"content":{"rendered":"<div class=\"news-article\">\n<h1>Government Launches Crucial Oil Price Support Amidst Market Optimism<\/h1>\n<p><strong>SEOUL, South Korea<\/strong> \u2013 As the KOSPI index demonstrates a robust recovery, breaching the 6,500-point threshold for the first time this month, the Republic of Korea&#8217;s government is proactively addressing potential economic challenges stemming from global energy fluctuations. In a significant move to safeguard the livelihoods of its citizens, a comprehensive &#8220;high oil price damage support fund&#8221; is set to commence on <em>April 27th<\/em>.<\/p>\n<p>This vital initiative is designed to provide direct financial relief, ranging from <strong>100,000 won to 600,000 won per person<\/strong>, to the bottom 70% of income earners nationwide. The fund&#8217;s activation is a strategic response, particularly in light of the evolving situation and potential economic repercussions arising from the Middle East conflict, which continues to influence global oil prices.<\/p>\n<h2>Targeted Support for Vulnerable Populations<\/h2>\n<p>Priority payments will be meticulously channeled to the most vulnerable segments of society, including those classified as the &#8220;secondary poor,&#8221; ensuring immediate assistance reaches those most in need. Following this initial phase, the remaining eligible 70% of the population will be selected based on established income standards, with subsidies scheduled for disbursement starting <em>May 18th<\/em>.<\/p>\n<p>The government&#8217;s commitment to mitigating the impact of elevated energy costs is already visible on the ground. Notices detailing the utilization of these crucial subsidies for high oil prices are being prominently displayed, such as at convenience stores in Yeongdeungpo-gu, Seoul, informing citizens about the upcoming support.<\/p>\n<p>This timely intervention underscores the government&#8217;s dedication to fostering economic stability and supporting its populace during periods of global uncertainty, ensuring that the nation&#8217;s economic rebound translates into tangible benefits for every citizen.<\/p>\n<\/div>\n<p>#SouthKoreaEconomy #KOSPI #OilPriceSupport #EconomicRelief #VulnerableGroups #GovernmentSupport #EnergyCrisis #SeoulNews #FinancialAid #MiddleEastImpact<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Government Launches Crucial Oil Price Support Amidst Market Optimism SEOUL, South Korea \u2013 As the KOSPI index demonstrates a robust recovery, breaching the 6,500-point threshold for the first time this month, the Republic of Korea&#8217;s government is proactively addressing potential economic challenges stemming from global energy fluctuations. In a significant move to safeguard the livelihoods [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":9824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"class_list":["post-9823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-middle-east-news"],"_links":{"self":[{"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/posts\/9823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9823"}],"version-history":[{"count":0,"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/posts\/9823\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/media\/9824"}],"wp:attachment":[{"href":"https:\/\/fajr.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}