The Korea Policy Bank will ensure the procurement of crude oil for South Korean state-owned enterprises.

Industrial Bank of Korea said in a statement on Sunday that the bank, Korea Export-Import Bank, and Korea National Oil Corporation held an emergency meeting last Friday to coordinate responses to the energy shock caused by the Iran conflict. Officials stated that the "energy-finance compound crisis" risk is escalating due to supply interruptions, rising bond yields, and a strengthening US dollar. The banks will review financing support plans for Korea National Oil Corporation, covering aspects such as crude oil procurement liquidity, overseas debt repayment, import financing, foreign exchange hedging, and operating capital loans. The support measures aim to secure funding for crude oil purchases for this Korean state-owned oil company and stabilize oil prices by reducing financing costs.