financial crisis Archives | Be Korea-savvy

Korean SMEs Say Current Business Environment Is in Crisis

SEOUL, Nov. 29 (Korea Bizwire) – Eight out of ten Korean small and medium-sized companies have a very unfavourable view of the current state of economic affairs in Korea. A recent survey related to the current financial environment, targeting employees in three hundred SMEs, showed that 85.7 percent thought the country was in a financial [...]

S. Korean Economic Growth Hit by Sluggish Global Investment

SEJONG, May 10 (Korea Bizwire) – Sluggish global investment stemming from the 2008 global financial crisis has dragged down South Korea’s economic growth by 0.21 percentage point on an annual basis, a report said Tuesday. Global investment was hit hard by the global financial crisis as its portion against the world’s gross demand fell by [...]