What is your opinion about the growing stagflation in your country?
학생이 쓴 원문
South Korea is an export-oriented nation. Therefore, it could be highly impacted by external factors. There are two most significant reasons provided for stagflation. First is the rising energy and food cost from the Russian war on Ukraine. Since Korea cannot produce any fossil fuels locally, the rising number of natural gases from Russia. Therefore, South Korea lost one of its significant importers after the sanctions. Also, we cannot overlook food security concerns. Even though rice is the most prominent staple, seafood resources are imported from Russia. Also, many countries are coming up with a protectionist policies after the war. Indonesia has levied taxes on sunflower oil imports. Second is the supply chain concern of COVID-19. Many Korean companies rely on essential components from China. However, COVID zero policy has delayed such imports and the export timeline. Since those delays have shot up company costs, many small-and-medium-sized companies have bankrupted lately.
강사 첨삭
Thank you for this Aciel! Just keep them coming. :D
South Korea is an export-oriented nation.
>>> correct
Therefore, it could be highly impacted by external factors.
>>> correct
There are two most significant reasons provided for stagflation.
>>> correct
First is the rising energy and food cost from the Russian war on Ukraine.
>>> OR: First is the rising energy and food cost due to the Russian invasion on Ukraine.
Since Korea cannot produce any fossil fuels locally, the rising number of natural gases from Russia.
>>> Since Korea cannot produce any fossil fuels locally, the main source of natural gases is from Russia.
Therefore, South Korea lost one of its significant importers after the sanctions.
>>> correct
Also, we cannot overlook food security concerns.
>>> correct
Even though rice is the most prominent staple, seafood resources are imported from Russia.
>>> correct
Also, many countries are coming up with a protectionist policies after the war.
>>> Also, many countries are coming up with some protectionist policies after the war.
Indonesia has levied taxes on sunflower oil imports.
>>> correct
Second is the supply chain concern of COVID-19.
>>> correct
Many Korean companies rely on essential components from China.
>>> correct
However, COVID zero policy has delayed such imports and the export timeline.
>>> correct
Since those delays have shot up company costs, many small-and-medium-sized companies have bankrupted lately.
>>> Since those delays have shot up company costs, many small-and-medium-sized companies have been bankrupted lately.
>>> OR: Since those delays have shot up company costs, many small-and-medium-sized companies went bankrupt lately.
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