PRIME TIME NEWS

Описание: PRIME TIME NEWS 22:00
Up next in the broadcast...
Oil prices fall again on the global market... to a five-and-a-half-year low. And while that′s great for oil importers... the shock on oil exporting economies may reverberate into another financial crisis.
Hope builds for the recovery of the black box of the AirAsia plane that crashed into the Java Sea last month... as Indonesian authorities locate the tail of the aircraft underwater.
And how does 2015 look for Korea′s major industries? We have the analysis on how the major players are adjusting their game plans to counter heavier global competition.
Prime Time News begins now.

Title: Oil prices hit fresh lows
Cheap oil and its potential effects continue to grab the headlines.
U.S. benchmark oil slipped below the 50-dollar-per-barrel mark on Tuesday.
It′s a low not seen in more than five years.
Analysts say the downward trend is moving things toward financial crisis in oil exporting nations for example, Russia.
Kim Min-ji ... starts us off.
Another oil shock.
Global crude prices plummeted to fresh lows on Wednesday over mounting concerns of oversupply and sluggish global growth.
Benchmark Brent crude temporarily fell below the symbolic threshold of 50 U.S. dollars per barrel for the first time in five and a half-years.
U.S. benchmark West Texas Intermediate also traded at less than 48 dollars a barrel.
Crude prices have slumped almost 10 percent this week alone,... and have lost more than half their value since mid-2014.
Although the price cut could help growth for some economies... a joint analysis by state-run Korean think tanks... is not ruling out the possibility of a financial crisis in countries that are heavily reliant on oil exports.
The study added financial troubles in these countries such as Russia and Venezuela... could have spillover effects on emerging economies including Korea,... especially when coupled with a U.S. rate hike down the road.
Kim Min-ji, Arirang News.
Title: Korean finance minister dismisses concerns of deflation amid falling oil prices
Despite those concerns, Finance Minister Choi Kyung-hwan disagrees.
He says the drop could actually help the Korean economy... by bringing down prices of imported raw materials and eventually perking up demand.
Kim Ji-yeon reports.
Finance Minister Choi Kyung-hwan has dismissed concerns that falling oil prices could lead to deflation.
In fact, he says the declines could actually help boost domestic demand... as the prices of imports fall.
At an economic ministerial meeting on Wednesday, Choi said that "the decline in oil prices is fundamentally different from deflation, which occurs due to a shortage of demand rather than an oversupply."
He also cited projections from five state-run institutes which forecast that Korea would save 30 billion dollars in oil import expenses... if crude prices maintain an average of 63 dollars per barrel.
Choi′s remarks came amid concerns that deflation is sp