But that sounds naïve, as Korea has to worry about “reverse coupling,” in which the country should worry about being dragged by Chinese technology.
Korean firms’ dependency on the Chinese market in 2022 dropped to a third of 2016 levels as economic and political uncertainties took their toll. Analysts say a slowdown China’s economy will not impact Korea's economy as much as it did in the past.
Economic risks spurred by China’s decaying real estate market could bring forward an end to monetary tightening policies worldwide, experts say. Chinese property developer Evergrande Group filed for bankruptcy protection in the United States.
Korea JoongAng Daily Sitemap
