Daily brief
South Korea and France have agreed to cooperate on safe passage through the Strait of Hormuz, while also bolstering ties in AI and quantum computing and setting a target to increase bilateral trade volume to $20 billion by 2030.
Hyundai Motor flags export disruptions as the Middle East conflict hits shipping, and separately recalls some Canadian vehicles due to a seatbelt issue.
Trump’s 25% tariffs put Korean appliance makers on alert.
South Korea's indebted households are squeezed as the Middle East conflict lifts mortgage costs.
Tada and Gojek will temporarily raise surcharges for rides to support drivers as fuel prices rise.