global economic slowdown Archives

Nearly Half of Korean Largest Businesses Face Grim Sales Outlook

SEOUL, Sept. 4 (Korea Bizwire) — Nearly half of South Korea’s top businesses are expected to see their sales shrink this year due to a global economic slowdown and weak domestic demand, market observers said Friday. According to market analysts, only 56 percent of the country’s 300 largest firms by stock market capitalization are expected to [...]

S. Korea’s Trade Dependence on Japan Drops to Lowest in Decades

SEOUL, Jun. 18 (Korea Bizwire) — South Korea’s trade dependence on Japan has dropped to the lowest level in decades, apparently affected by their worsening diplomatic ties and the global economic slowdown, a report showed Thursday. According to the report by the Korea International Trade Association, South Korea’s trade with Japan during the January-May period [...]