Korea s leading conglomerates have entered belt-tightening mode by reducing operation costs and selling unprofitable businesses, as the economy does not show any clear and immediate sign of a rebound, according to industry officials, Wednesday.
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Finance Minister Choi Sang-mok said Wednesday the government will set up a task force in charge of monitoring and resolving issues regarding economic livelihoods of the people.
Buoyed by signs of an economic recovery, Finance and Economy Minister Choi Sang-mok said, Thursday, he sees rare signals of green light for the national economy. He was referring to Korea s economy growing 1.3 percent during the first three months of this year, the highest in 27 months. However, Choi might end up regretting his overly optimistic outlook in light of the formidable economic challenges facing the nation.
Buoyed by signs of an economic recovery, Finance and Economy Minister Choi Sang-mok said, Thursday, he sees rare signals of green light for the national economy. He was referring to Korea s economy growing 1.3 percent during the first three months of this year, the highest in 27 months. However, Choi might end up regretting his overly optimistic outlook in light of the formidable economic challenges facing the nation.
Economic sentiment took a hit across both the eurozone and the wider EU in April, according to survey data released on Monday, alongside a downturn in employment expectations.