South Korea is recycled

South Korea’s economic model is beginning to show signs of exhaustion, the industry seems unable to maintain the volume of exports prior to the crisis, and the Korean government is more determined to bet on technology.

The fact is that like cotton, the data does not lie, a noticeable slowdown in the country’s economic growth, which has gone from 7% to the 3% expected for this year, has caused this sharp turn in Korean politics, which is intended to motivate and thus encourage exports.

This policy change is becoming the daily bread of many countries that see specialization in certain products as the only way out of the crisis to increase their comparative value compared to other countries with similar products or services.

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Source: The Country