Economy needs major surgery: S Korea's Park
President says this is necessary to solve nation's chronic and structural problems
Seoul
SOUTH Korea's president called on Thursday for "major surgery" on the economy, which faces slowing growth and increasing challenges as she approaches the half-way point of her single five-year term.
Park Geun-hye, whose popularity has dipped below 40 per cent, has fallen short on pledges to breathe fresh momentum into Asia's fourth-largest economy and seen her push for labour market reforms and job creation sputter.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Hong Kong faces uphill battle to lure back Chinese tourists
Weak yen boosts tourist wallets in Japan
Gas prices are putting Washington’s boldest climate policy at risk
India collects record 2.10 trillion rupees as goods and services tax in April
China travel surges for May holiday but consumers remain wary
Macau casinos remain resilient in April as consumers seek fun