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Our government is also paying close attention to the situation in Ukraine.
This is because the price of raw materials such as gas and energy and raw materials such as wheat will rise immediately, which could damage our economy.
Reporter Kim Jung-woo reports.
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The economic superstrong that the US can throw at Russia is to block the 'dollar settlement'.
It means that when Russia trades with other countries, it will no longer be able to exchange dollars.
Soaring energy prices are the fire of your feet.
Russia is the world's largest exporter of natural gas and the third largest exporter of crude oil.
The analysis is that if Russia is tied up, international oil prices will soar to $150 and raw material prices will rise.
[Ryu Seong-won / Former Head of Industrial Policy Team at the Federation of Korean Industries: Whether it is Middle Eastern oil or North American oil, these parts inevitably lead to an increase in prices and can exacerbate the energy shortage situation.]
Directly, Russia, such as Hyundai Motor, LG Electronics, and Samsung Electronics, Our companies that build or trade in China will be affected.
In fact, after Russia attacked Ukraine and forcibly annexed Crimea in 2014, Korea's exports to Russia plummeted by more than 50% in one year.
It seems that the damage pattern such as delay in payment or decrease in exports will be decided depending on the card sanctioned by Russia when the US releases it.
[Jang Sang-sik / Head of Trend Analysis Office, Korea International Trade Association: In the past, there were cases where people said something like 'I will pay in rubles or ask for a lower price', so (our company) has to consider the worst situation even with kind .]
As international tensions escalated, our financial markets were shaken right away.
Both the KOSPI and KOSDAQ plunged more than 1% to close the market due to foreign and institutional selling.