May 2003

Special Report: ACHEMA 2003

ACHEMA Perspective 2003-Korea

During the first half of 2002, the Korean economy quickly recovered from the recession, especially in the consumer and construction sectors. However, this recovery stagnated in the latt..

Chang, J.-Y., Daelim Industrial Co. Ltd.

During the first half of 2002, the Korean economy quickly recovered from the recession, especially in the consumer and construction sectors. However, this recovery stagnated in the latter part of the year. Several outlying circumstances are sourced to stalling the economy and include deflation of real estate, surge of personal debts and confusion over the stock market. Some analysts predict that this recession will linger through third-quarter 2003; subsequently, the economy will slowly gain momentum. The timely return to optimistic conditions hinges on quelling political uncertainties such as the possible Iraq war as well

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