South Korea cancels China trip amid war-driven economic concerns

South Korea cancels China trip amid war-driven economic concerns South Korea’s Prime Minister Kim Min-seok has cancelled a planned trip to China to address mounting economic concerns at home linked to the fallout from the Iran war, local media reported. The move comes as rising energy costs and supply disruptions weigh heavily on the country’s economy. President Lee Jae Myung said public institutions will reduce car use as part of an energy-saving campaign and urged lawmakers to pass a supplementary budget.