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The Federation of Korean Industries says soaring oil and raw materials prices will take a toll on profitability at some of the country's key industries.
Businesses dependent on raw materials and oil such as construction and chemicals will be hurt during the second quarter of this year as high costs eat into profits.
Meanwhile industries like shipbuilding and electronics are expected to enjoy higher returns during this period compared to last year.
Although rising raw materials prices are expected to affect the electronics industry, a near 6.5 percent growth in exports compared to last year and a weakening won will yield greater export-driven profits.
Arirang News
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