Market Report, "South Korea Business Forecast Report Q3 2013", Published
Despite the upside surprise in South Korea's Q113 real GDP growth, we are maintaining our view that economic momentum is likely to wane in the quarters ahead. Incipient signs of weakness in global trade activity are starting to surface, and the domestic economy faces its own set of problems, namely a faltering property market and a high household debt burden. We highlight, however, that Seoul's endeavour to introduce wholesale changes to the country's investment framework could prove to be a...
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