Freight rates may rise 50-80% if Hormuz Strait closes
Korean trade association warns of up to 80% freight rate increase if Hormuz Strait closes due to US-Iran conflict. Oil prices may rise 10%, affecting exports and imports.
President Lee emphasizes need for tourism decentralization from Seoul to provinces, calls for local-led tourism industry transformation and improved services.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.