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Despite COVID spread, BOK expected to raise key rate in August

Currency swap to have limited impact on economy: analysts

Currency swap to have limited impact on economy: analysts
koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.

The pandemic has accentuated South Korea s two-speed economy

T WO ENORMOUS grey buildings decorated with blue, red and yellow rectangles meant to resemble a painting by Piet Mondrian dominate an industrial park south of Seoul. Inside, the world’s largest production lines for semiconductors churn out chips for Samsung Electronics 24 hours a day. Robots zip along rails on the ceiling, carting stacks of silicon wafers from one step in the process to the next. Few humans are allowed anywhere near the machinery, and only in protective suits, to prevent stray hairs or specks of dust from contaminating their output. Listen to this story Enjoy more audio and podcasts oniOSorAndroid.

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