Tag: middle east conflict

Universal Winner of the race out of Hormuz

As won nears crisis level of 1,600 to the dollar, jumbo rate hike by BOK looms

Despite strong exports and stocks, the won remains weak amid the strength of the dollar, fueling talks of a substantial rate hike by the Bank of Korea.

Iran war stalls as truce frays (KOR)

With numerous actors involved and multiple disputes still unresolved, a clear path to peace remains difficult to find.

Iran war stalls as truce frays

With numerous actors involved and multiple disputes still unresolved, a clear path to peace remains difficult to find.

Gov't to extend fuel tax cuts through July to combat rising energy costs

Korea will extend its fuel tax cut measures by two months, through the end of July, the government announced Thursday, as rising energy costs linked to the Iran war continue to weigh on household budgets.

Korea gradually feeling impact of prolonged Middle East crisis: Finance minister

Korea is gradually feeling the impact of the prolonged conflict in the Middle East through higher consumer prices despite strong export data, the finance minister said Friday, vowing proactive steps to stabilize supply chains.

KDI projects economy to expand 2.5% this year on chips

The Korean economy is projected to expand 2.5 percent in 2026, supported by strong growth in the semiconductor industry and a recovery in domestic consumption, a state-run think tank said Wednesday.