[KOREAN ECONOMIC NEWS] Good afternoon, everyone. I’m Yisack Park staff of Kamaindia Pvt. Ltd.
Here I have an important Korean economic news to share with you which is as undermentioned.
The OECD has warned that the South Korean economy has begun to slow down. The downtrend is likely to continue for a while in view of the rising oil prices and ongoing restructuring in major local industries.
The OECD said on May 13 that South Korea’s composite leading indicator (CLI) reached 99.8 in February this year, falling for the 10th consecutive month. Its CLI topped 100 in October 2014 and remained above it before reaching its peak of 100.9 in April last year. In January and February this year, however, it reached 99.8, dipping below 100 for the first time in 40 months.
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