Korean businesses plan cost cuts as the country faces its lowest growth forecast since 1954.

Nearly half of Korean businesses are planning cost-cutting measures for 2025, as the country faces its lowest growth forecasts since 1954, falling below 2%. Major concerns include U.S. protectionist policies and trade tensions, with 82% of companies expecting negative impacts from these factors. Economic experts call for structural reforms to boost productivity and counter potential growth declines.

December 01, 2024
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