Korea (Republic of) Import Prices YoY (Feb) Y/Y 1.2% (Prev. -1.2%)
The year-on-year increase in Korea's import prices suggests a significant shift from the previous negative figure, indicating rising costs for imports which could influence inflation dynamics.
South Korea's Foreign Minister Cho and US Secretary of State Rubio discussed ensuring safe navigation in the Strait of Hormuz
Iran's Foreign Minister Araghchi says his last contact with US envoy Witkoff was before the American attack on Iran
Korea (Republic of) Import Prices YoY (Feb) Y/Y 1.2% (Prev. -1.2%)
US President Trump says US requested a delay of the Xi summit by a month or so as he needs to stay in the US
Abu Dhabi's Shah gas field operations are suspended pending damage assessment, after a drone attack caused a fire earlier
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This shift may pressure Korean monetary policy, potentially affecting the won and impacting trade balances amidst global economic conditions.
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