Tag - Korea Economic Research

Necessity mixed with concern on restructuring

A bunch of figures suggest Korea’s economy has been held back, among other worsening conditions, by its weakening manufacturing sector saddled with excess capacity and declining profitability. The rate of contribution by manufacturing industries to the country’s annual growth in gross domestic product plummeted from 55.4 percent in 2010 to 11.5 percent in 2015, according to data from the Korea Economic Research Institute. The growth rate of their production capacity was down from 7.9 percent to 1.2 percent over the [...]