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Hormuz oil shock could push Korea inflation up 1.6%p

A surge in global oil prices triggered by disruptions in the Strait of Hormuz could raise South Korea’s consumer inflation by as much as 1.6 percentage points this year, according to a report released Sunday by the Korea Development Institute.In its report titled “The Impact of Recent International Oil Price Increases on Consumer Prices,” the state-run think..

Kia bets big on EVs, robotics and future mobility
Kia Corporation is accelerating its transformation from a traditional automaker into a technology-driven mobility company, unveiling a 49 trillion won ($36..

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