South Korea's economy likely shrank at its sharpest pace since 2008 in the first quarter as the coronavirus health crisis ravaged business activity and global demand, a Reuters poll showed on Tuesday.
SEOUL - South Korea’s economy likely shrank at its sharpest pace since 2008 in the first quarter as the coronavirus health crisis ravaged business activity and global demand, a Reuters poll showed on Tuesday.
This would be the worst contraction since a 3.3% drop in the final quarter of 2008, and the first since the Sino-U.S. trade war hit growth in the first quarter of 2019. Exports plunged nearly 27% in the first 20 days of April, with those to China tumbling 17.0%, and those to the United States and European Union slumping 17.5% and 32.6%, respectively.
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South Korea looking into reports about Kim Jong Un's healthSEOUL, South Korea (AP) — The South Korean government on Tuesday was looking into U.S. media reports saying North Korean leader Kim Jong Un was in fragile condition after surgery. Officials...
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