Korea braces for shocks
Alarming signs about the South Korean economy are popping up everywhere. Inflation is soaring, stock markets tumbling, and the local currency’s value dropping.
Alarming signs about the South Korean economy are popping up everywhere. Inflation is soaring, stock markets tumbling, and the local currency’s value dropping.
The South Korean economy is beset by unfavourable factors including an unstable global supply of goods, surging prices of materials and “three highs” ~ high-interest rates, high inflation and high exchange rates ~ plaguing the Korean currency. Then yet another issue looms large: an industrial strike.
