South Korea Fears Inflation and Slower Job Market Amid Middle East War

S. Korea feared to face inflation, slower job market amid Middle East war

South Korea is feared to face higher consumer prices and a slower job market due to the fallout from the Middle East war, the finance ministry said Friday. The Ministry of Finance and Economy made the assessment in its monthly economic report, known as the Green Book, noting Asia's fourth-largest economy is confronting rising living costs. "Recently, the South Korean economy has been showing signs of recovery due to robust exports and improved consumer and business sentiment," the ministry said.

By The Korea Herald