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South Korea’s manufacturing sector declines despite major overseas investments, raising alarms over domestic industry stability.
South Korea's manufacturing sector faces growing concerns over a potential hollow-out as trade talks with the U.S. remain stalled.
Despite a $350 billion investment deal and another $150 billion in announced plans, both manufacturing employment and value-added shares have declined since 2015, unlike earlier FDI surges in China.
Critics warn the scale of overseas investment far exceeds domestic spending, risking foreign exchange stability and weakening the domestic industry.
Experts urge policymakers to ease regulations and offer subsidies to protect Korea’s manufacturing base.
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El sector manufacturero de Corea del Sur disminuye a pesar de las importantes inversiones en el extranjero, lo que genera alarmas sobre la estabilidad de la industria doméstica.