KIET: Manufacturing Costs to Jump 11.8% if Strait of Hormuz Blocked for 3 Months

[Economy] : A state-run think tank raised concerns that the average production cost in South Korea's manufacturing sector could jump eleven-point-eight percent should the blockage of the Strait of Hormuz last three months or longer. In a report on the risks stemming from the war in Iran Thursday, the Korea ... [more...]