Mar 13 • 10:55 UTC 🇰🇷 Korea Hankyoreh (KR)

Iran attacks Dubai Financial Center... Shinhan and Woori Bank branches present but no casualties

Iran has carried out an attack on a building in Dubai's International Financial Center, but no casualties have been reported despite the presence of South Korean banks.

A building in Dubai's International Financial Center (DIFC) has sustained some damage following an attack from Iran, as the UAE's defense system successfully intercepted threats believed to be targeting the financial district. Despite the presence of South Korean financial institutions like Shinhan Bank and Woori Bank in the area, no casualties among personnel have been reported. The UAE authorities confirmed the successful interception and indicated that debris from the interceptors caused the reported damage, although they did not disclose specific details of the intercepted weaponry.

The DIFC is a major hub for international financial institutions in the Middle East, housing several global banks and asset management companies. Authorities have stated that the specific buildings occupied by the affected South Korean banks did not sustain damage, and employees had either returned home or were working remotely. Local financial representatives suggested that the proximity to the Israeli consulate may have made the area a target in Iran's broader strategy of retaliation against U.S. and Israeli interests in the region.

This attack follows Iran's statements indicating a readiness to retaliate against U.S. and Israeli military actions, especially in the wake of recent disclosed casualties among Iranian diplomats due to Israeli airstrikes in Lebanon. Iranian officials have warned that they will target Israeli diplomatic missions and financial assets, alleging that previous hostilities justify such actions. These recent escalations suggest a heightened geopolitical tension in the Middle East, which could have significant implications for regional security and international financial stability.

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