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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..

Six in ten big firms unsure about 2026 investment
Amid growing uncertainty in domestic and global business conditions, nearly 60% of major Korean companies say they have no investment plans for next year o..

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