SEOUL: South Korea's ferry disaster has had a profound psychological impact on Asia's fourth-largest economy, shaking public confidence in the very foundations of the country's "miracle" development model.
The most tangible economic impact has been on domestic demand, as the mood of national grief at the loss of so many lives - most of them schoolchildren - has manifested itself in collective consumer abstinence.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
