External conditions worsening amid weak exports, investment: Finance Ministry
  • 5 years ago
New economic data show that domestic consumption is gradually improving... but Korea's exports and investment are still weak.
That's according to the finance ministry's greenbook report for July.
For a fourth straight month,.... it described the economy as stagnant,... pointing to Japan's new export curbs as well as global uncertainties such as the U.S.-China trade war... and the struggling semiconductor industry.
Exports, tallied for June, were down more than 13 percent on-year... mainly due to falling chip prices.
And in May, industrial output fell half a percent from a month earlier because of a slump in manufacturing.
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