In South Korea, which imports nearly all of its oil and gas, a global supply crunch has hit hard. Officials have advised energy conservation, cut growth forecasts and warned of fallout from high inflation and 17-year-lows in the value of its currency. Yet the nation’s largest companies are raking in record profits, and its stock market is hitting all-time highs.Read More
Tech boom vs oil crisis: Asia’s new economic reality is a warning for the world
