A new pro-business president, receding Covid-19 risks and rising clout in supply chains have infused South Korea's local companies with newfound confidence. The optimism should pay off, even as fresh economic and global threats loom, says mak_robyn
The headline figures paint a less pretty picture. After expanding by 4.1% in 2021 – an 11-year high – the $1.6 trillion export-dependent economy is forecast to grow just 2.7% this year as demand from China, its top trading partner, cools.The central bank's new governor in April issued a dire warning that war in Ukraine, a China slowdown, higher U.S.
The mood in Seoul, however, is notably upbeat. The sprawling metropolis of nearly 10 million people recently scrapped pandemic restrictions such as business curfews and mandatory vaccine passes. Restaurants, bars and coffee shops are packed; last week's friendly soccer match between South Korea and Brazil attracted 64,000 fans to sell out Seoul World Cup Stadium.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Korea June 1-10 exports shrink 12.7%, trade deficit at $6 billionSouth Korea's exports for the first 10 days of June shrank 12.7% from the same period a year before, customs agency data showed on Monday.
Read more »
North Korea appoints nuclear negotiator as first woman foreign ministerNorth Korea has named a top nuclear negotiator as the nation's first female foreign minister, state media reported Saturday, amid warnings from the US that Pyongyang is preparing to conduct a nuclear test
Read more »
North Korea appoints nuclear negotiator as first woman foreign ministerAppointment comes after the United States warned that the secretive communist state is preparing to conduct a seventh nuclear test.
Read more »
North Korea plans crackdown as Kim pushes for internal unitySEOUL, South Korea (AP) — North Korean leader Kim Jong Un and his top deputies have pushed for a crackdown on officials who abuse their power and commit other “unsound and non-revolutionary acts,' state media reported Monday, as Kim seeks greater internal unity to overcome a COVID-19 outbreak and economic difficulties.
Read more »
Philadelphia to increase police presence on South Street with another busy weekend expectedAnother busy weekend on South Street is expected in the wake of a deadly mass shooting that killed three and injured nearly a dozen. Philadelphia police and city officials say they're upping security measures to help prevent another tragedy from unfolding.
Read more »