NZ Business Times December 17 – The South Korean Ministry of Finance said in a report on Monday that the Korean economy is expected to grow by 2.6%-2.7% in 2019.
South Korea is the fourth largest economy in Asia.
With the growth or decline of the United States, China and Japan, it is expected that Korean exports will slow down next year.
In addition, global trade conflicts have also reduced the Korean economy.
South Korea remains a major exporter, exporting cars, ships, warehousing and medicines.
The rapid ageing of the population coupled with long-term low fertility rates is also putting pressure on the Korean economy.