Korea s consumer sentiment snapped an improvement for the third consecutive month in March amid soaring prices of farm goods and a slump in private spending, a central bank poll showed Tuesday.
Korea aims to push up the country’s exports to a record-high $700 billion in 2024, capitalizing on a rebound in outbound shipments that are projected to be a key determinant of this year’s economic growth, the government said, Thursday.
A slow pace of growth of around 2 percent or lower is feared to have become the new normal for the Korean economy, as the spillover effects of China’s economic downturn, high energy prices and soaring interest rates deal a heavier blow to exports and private spending here, according to analysts, Sunday.