# [Editorial] Roadblocks ahead - The Korea Herald

> A Korea Herald editorial warns that higher US interest rates, high energy prices and a strong dollar are three risks to the Korean economy. It notes the Fed left rates unchanged but signaled one more hike, and the Bank of Korea held at 3.5%.

- Date: 2023-09-24 · published 2023-09-24T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/34365-editorial-roadblocks-ahead-the-korea-herald
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Rate gaps and a weak won raise Korea's import costs for energy and feed, which could squeeze margins for livestock and feed buyers if the pressure persists.

## Read by commodity

- WTI: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-10-12 | [Won fades to 14-month low against dollar amid inflation concerns - The Korea Herald](https://feedsoft.ai/events/44798-won-fades-to-14-month-low-against-dollar-amid-inflation-concerns-the-korea.md) | +2.4% | +1.7% |
| WTI | 2019-01-25 | [WCU Commodities rise ahead of crucial week \| Saxo](https://feedsoft.ai/events/12392-wcu-commodities-rise-ahead-of-crucial-week-saxo.md) | +1.5% | +7.5% |
| WTI | 2022-02-07 | [Soaring oil prices, weakening won weigh on Korea's economy - The Korea Times](https://feedsoft.ai/events/42957-soaring-oil-prices-weakening-won-weigh-on-korea-s-economy-the-korea-times.md) | +0.9% | +29.3% |
| WTI | 2022-06-21 | [Korean central banker says a lot has changed in recent weeks](https://feedsoft.ai/events/41194-korean-central-banker-says-a-lot-has-changed-in-recent-weeks.md) | +1.1% | -3.7% |
| WTI | 2021-10-13 | [From Turkey to South Korea, strong dollar squeezes the energy-poor - Nikkei Asia](https://feedsoft.ai/events/44800-from-turkey-to-south-korea-strong-dollar-squeezes-the-energy-poor-nikkei-asia.md) | +3.0% | +4.2% |

## Sources

- koreaherald.com: https://www.koreaherald.com/article/3219277

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.