The Korea Chamber of Commerce and Industry, has said that 85.6 percent of 350 listed companies said their break even point was passed when oil prices hit $53.80 per barrel.47.4 percent of the companies surveyed had stated that their biggest burden was the rising price of raw materials, including crude oil.58.5 percent of the companies said their net profit had been heavily affected since April last year when international (Dubai) oil prices surpassed $50 per barrel.
This had lead to one in three companies saying they would reduce their investment plans if oil prices remained high.
