Rising Oil, Won Corner Exporters

Rising oil and raw material prices are posing a serious threat to Korean exporters who are also suffering from a stronger won against the dollar, a private-owned economic think tank warned.

Hyundai Research Institute (HRI) Sunday warned of a possibility that further aggravation of external economic conditions, such as high international crude prices and the strengthening of the won, could result in a dual slump of export and domestic demand industries.