South Korea envoy: We have managed to elude the worst case scenario on oil

AI Briefing

• – South Korea's economy has narrowly avoided a worst-case scenario on oil prices, with a sudden spike in crude costs seen as manageable.
• – The country's economy has shown resilience in the face of rising oil costs, with exports and industrial production remaining strong.
• – The government is now focused on implementing policies to minimize the impact of any future price increases on the economy.