The country’s service industry has slackened as people refrained from making in-person contact and going outside, while the manufacturing sector has undergone a limited recovery on improving demand at home and abroad, according to a monthly economic assessment report by the Korea Development Institute (KDI).
SEOUL: The South Korean economy is on a recovery path, aided by a mild improvement in the manufacturing sector.
However, it faces growing downside risks amid a global resurgence in new coronavirus cases, a state-run think tank said yesterday.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
