Iran War Shockwaves Expose South Korea’s Energy, Petrochemical, and Chip Supply Vulnerabilities
The Diplomat reports that the Iran war has rapidly hit South Korea’s markets, currency, and inflation outlook while exposing concentrated dependencies on Middle East energy and industrial inputs. Prolonged disruption could trigger petrochemical and semiconductor bottlenecks, weaken exports, and raise stagflation risks, with spillovers linked to Taiwan’s LNG-dependent power system and shared upstream inputs affecting China-based production.