Korean retailers are pushing for voluntary resignations to slim down their workforces amid a prolonged period of tough trading.
Those who prepare for danger can find new opportunities.
Korea’s economy grew 0.3 percent in the first quarter on year, slightly above forecasts.
Politicians must give hope by devising emergency action plans to mitigate the deepening concerns about a lengthy slump.
Korea had a current account deficit in November, its first in three months, as exports fell amid fears of a global recession.
Seoul shares opened higher Thursday, tracking Wall Street gains overnight, amid persistent worries about a global recession.
The world economy next year could wrestle with recession, pulling the Korean economy down further. The government and companies must examine their priorities at such a critical time.
Korea might be nearing a recession, Bank of Korea Gov. Rhee Chang-yong said during a press conference held in central Seoul on Tuesday.
Central bank Gov. Rhee Chang-yong said the Korean economy is on the "borderline" of a recession, according to Yonhap.
Korea JoongAng Daily Sitemap