Ep.86 Key industries to drive S. Korean economy in 2020
World Ch. Schedule : THU 22:30 KST
Date : 2020-01-22
Last year, South Korea's major industries struggled amid global slowdown and various factors in and around the nation. Their exports have dropped at least double-digit percent on-year. 14 out of 20 major sectors have seen their outbound shipments slide, and the semiconductor industry, which was at the forefront of the Korean economy, was among one of the most affected by such setbacks.
The sectors, however, are starting the new year on a high note as the phase one trade deal has been signed between the U.S. and China, and the global chip prices began to recover.
Could South Korea's core sectors, such as chip, shipbuilding, and auto bounce back from last year's slump?
In this week's The Point, we take a look at the outlook of some of the key sectors for the South Korean economy this year and find out about the emerging industries with significant growth potential.