SEJONG, Feb. 17 (Korea Bizwire) — South Korea’s finance ministry said Friday the country’s economy has slowed amid higher inflation and sluggish exports. “South Korea’s inflation remains at a high plateau, and domestic consumption recovery is slowing down. A persistent slump in exports and deteriorating business sentiment indicate an economic downturn,” the Ministry of Economy [...]
SEOUL, Aug. 9 (Korea Bizwire) — South Korea’s economic sluggishness has eased on diminishing negative effects of the coronavirus pandemic, a state-run think tank said Sunday. South Korea’s daily new virus cases spiked more than 900 in late February, but the COVID-19 curve has since flattened sharply in recent months. The decline in infections has [...]
SEOUL, Jun. 9 (Korea Bizwire) — South Korea’s economy is positioned to face heightened downside risks as the trade dispute between the United States and China escalates, hurting global trade and manufacturing activity, a senior presidential secretary said Sunday. “I think we cannot rule out the possibility of the downside risks being drawn out as [...]