South Korea says economy will hit 2016 growth forecast despite Samsung Note 7 risk

Samsung says it expects to take a roughly US$3bil (RM12.6bil) hit to its operating profit over the next two quarters.

SEOUL: South Korea's economic growth is still expected to meet the government's expectations this year, although recent strikes at Hyundai Motor Co and the discontinuation of Samsung Electronics Co Ltd's Note 7 sales pose risks, the deputy finance minister said on Monday.

Lee Chan-woo told a news briefing on the economy that Samsung Electronics' troubles could have a negative impact on the country's growth, particularly in the second half of the year.