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Gas crisis in Europe could hurt South Korean industries

Posted On: Sep. 16, 2022 9:43 AM CST



The Bank of Korea has warned that operations of South Korea’s main industries, including shipbuilding, automobile and semiconductor, could be at risk if Russia completely stops gas supply to Europe in the winters, Business Korea reported. The gas crisis in Europe could severely impact the availability of intermediate goods and capital in South Korea, disrupting the operations of several companies.