S. Korea’s construction industry slump deepens


The construction sector’s troubles are particularly worrying as project-financing loans remain a key risk to the economy. — Reuters

SOUTH Korea’s economy is widely expected to post a pick-up in growth this year thanks to a recovery in exports after months of extremely poor performance.

However, a recent series of data points to the slump in domestic demand worsening, and the construction sector’s troubles are particularly worrying as project-financing loans remain a key risk to the economy.

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