South Korea Faces Economic “Zero Hour” as Growth Potential Nears Collapse

SEOUL, May 9 (Korea Bizwire) —  South Korea’s long-term economic potential is facing a steep decline and could enter negative territory by the 2040s if structural challenges go unaddressed, the state-run Korea Development Institute (KDI) warned in a report released Thursday. According to the report, “Projections for Potential Growth and Policy Implications,” South Korea’s potential growth [...]