Economic woes are multiplying for South Korea, but the government says a crisis is unlikely. Photo: AP
Economic woes are multiplying for South Korea, but the government says a crisis is unlikely. Photo: AP
South Korea

Signs abound South Korea’s economy is verging on a crisis. So why do experts say that is ‘very unlikely’?

  • A variety of economic indicators in September revealed the precarious state of the South Korean economy
  • But the government and economists maintain an economic crisis akin to 1997 or 2008 is ‘very unlikely’

Economic woes are multiplying for South Korea, but the government says a crisis is unlikely. Photo: AP
Economic woes are multiplying for South Korea, but the government says a crisis is unlikely. Photo: AP
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