Korea's economic arthritis
South Korea’s economy is suffering; the nation’s most pressing issue is defend against the the slowing China economy.
China accounts for roughly a quarter of Korean exports. With the mainland’s GDP growth figures heading south, the above statistic is a worry.
“The combination of China’s economic slowdown and subdued global trade does not augur well for [Korea’s] GDP growth,” said Konstantinos Venetis, economist at Lombard Street Research in London.
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