ShippingWatch

South Korea goes into recession for the first time since 2003

South Korea's export-dependent economy has been hit hard by the coronavirus crisis in the second quarter.

Photo: Kim Hong-ji/REUTERS / X90173

For the first time since 2003, South Korea's economy has officially entered a recession.

The corona crisis has been tough on the country's exports, while factories are still adhering to distance requirements for employees.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Trial banner

Latest news

See all jobs