South Korea News » Gyeonggi News South Korea » Gyeonggi » Commerce: US-Iran tensions squeeze South Korea as oil, won spike erode gains
News channel or source: https://biz.chosun.com/en/en-policy/2026/03/04/MWZE6QTMKFD6ZBFMIH7YFCBWBY/
Published on: Tuesday 03 March 2026
Sectors highly dependent on raw material imports are likely to take a more direct hit. The refining industry, which imports all crude in dollars, is a prime example. SK Innovation has analyzed that a ...