Tag: stagflation

stagflation

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Korea rushes to stockpile oil reserves as twin crises threaten global energy and grain supplies

Escalating threats in the Red Sea and Black Sea are raising risks to both global energy and food supplies, with economists warning of stagflation.

2026.7.21

A customer shops at a supermarket in Seoul on April 6. The Iran war has fueled inflationary pressure in Korea, as it heavily relies on the Middle East for crude oil. [NEWS1]

Is Korea already in stagflation? Some say so as cost-of-living pressures mount.

Recent indicators suggest that the Korean economy is far from experiencing stagflation. But rising living costs, weakening real income and the high youth unemployment rate are creating the sense that warning signs of stagflation are already here.

2026.4.28

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A man loads up his vehicle with fuel at a gas station in Seoul on April 15. [YONHAP]

Surging import costs put businesses, consumers in almost unprecedented inflation squeeze

The cost of imports is surging on the back of an oil shock and a weakening won, raising concerns about a broadening inflation squeeze on businesses and households — even if the conflict in the Middle East eases.

2026.4.15

People shop at a local super market in Seoul on April 10. [NEWS1]

Inflation builds momentum as Middle East conflict drives up gas and goods prices

Inflation is showing increasingly unstable momentum. Prices, which had been gradually rising since the second half of last year amid weakening won, surged after the outbreak of the Middle East conflict in late February.

2026.4.11

Oil tankers are seen near the Seoul branch of the Daehan Oil Pipeline Corporation in Seongnam, Gyeonggi, on March 3, as prices are expected to surge with Iran closing the Strait of Hormuz, a key energy transport route. [YONHAP]

'Stagflation' concerns surge across global markets as tensions continue to rise in Middle East

Concerns about a so-called stagflation, in which stagnant growth coincides with high unemployment and high inflation rates, across global financial markets have spread as tensions continue to rise in the Middle East.

2026.3.8

President Yoon Suk Yeol, left, shakes hands with Han Dong-hoon, interim leader of the conservative People Power Party and former justice minister, at the Blue House in Seoul on Wednesday. [JOINT PRESS CORPS]

Yoon, new PPP head meet for first time at New Year's speech

President Yoon Suk Yeol met with the interim leader of the conservative People Power Party for the first time at the Blue House in Seoul on Wednesday...

2024.1.3

Job seekers attend a job fair in Seoul on October 11. [YONHAP]

Korea adds 707,000 jobs on-year in September

Korea added jobs for the 19th straight month in September, data showed Friday, but the growth continued to slow for the fourth month in a row amid concerns over a recession.

2022.10.14

Deregulation and reform matter (KOR)

The World Bank has raised the alarm that the “danger of stagflation is considerable” and shaved its global growth outlook to 2.9 percent from 4.1 percent in the last report in January.

2022.6.10

Deregulation and reform matter

The World Bank has raised the alarm that the “danger of stagflation is considerable” and shaved its global growth outlook to 2.9 percent from 4.1 percent in the last report in January.

2022.6.9

Fine dust blankets Gwanghwamun, central Seoul, on election day March 9. President-elect Yoon Suk-yeol is set to face many economic challenges amid growing uncertainties. [NEWS1]

Great economic challenges will greet the new administration

"The uncertainty surrounding the global and domestic economy is increasing," said Vice Finance Minister Lee Eog-weon on Tuesday.

2022.3.10