Rising oil prices weighing on consumer, business sentiment: finance ministry

Escalating geopolitical tensions linked to the prolonged Middle East conflict are posing risks of inflation and greater downside pressure on the South Korean economy, the finance ministry said Friday. The Ministry of Finance and Economy made the assessment in its monthly economic report, known as the Green Book, heightening its warning from last month, when it noted only potential fallout. "The economy has faced increasing downside risks due to the expansion of geopolitical risks stemming from t

By The Korea Herald