S. Korean economy 'slowing down' on weak demand, shrinking exports: KDI
  • 5 years ago
A state-run think tank sees the South Korean economy continuing to slow down.
In its latest report, the Korea Development Institute points to signs of weak domestic demand and a slowing exports.
Retail sales, it says, edged up just one percent in November... compared to an average of 2-point-8 percent the two months before.
In December, exports fell by 1-point-2 percent... because of a drop in overseas sales of computer chips and petrochemical goods.
It was the third month in a row KDI has said the economy is slowing down.
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