Falling crude oil prices to start benefiting Korea in Q2 "유가하락 긍정적 효과 내년

The recent drop in crude oil prices is likely to start having a positive effect on the Korean economy... starting in the second quarter of next year. That′s according to a report released by Hi Investment and Securities on Tuesday. It says.... the nation′s manufacturing production will be among the first to feel a boost... and the effect will spread to other sectors as well. Breaking it down into specific industries: the semiconductor, display and auto industries will benefit from the price fall,... while the construction and food and beverage sectors will face a rather negative effect. Meanwhile, an earlier forecast by the Wall Street Journal says... Korea will save greatly on energy import costs,... equivalent to 2-point-4 percent of its gross domestic product,... if global oil prices continue trending downward into next year.