S. Korea’s economy gripped by weak exports, construction investment: Finance ministry

more gloomy news for the South Korean
economy following a sharp decrease in exports and construction investment
despite a growing service output and consumption the December edition of the
Finance Ministry’s monthly green book released on Friday shows South Korea’s
exports plunged 14 percent from a year earlier marking the 12th straight month
on the slide the ministry pointed to a synchronized to slowed down due to weak
global trade and a sluggish local manufacturing sector as well as
uncertainties surrounding japan’s export restrictions on South Korea and the
state of the global semiconductor industry the ministry promised to make
utmost efforts to boost the economy and next week the ministry will unveil its
economy policy direction for the new year

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