South Korea Economy

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South Korea Economy

A cargo ship loads and unloads foreign trade containers at Busan Newport in Busan, South Korea, on July 23, 2025. The Asian Development Bank (ADB) sharply revises down its economic growth forecast for South Korea this year to 0.8 percent, the finance ministry says Wednesday. The latest projection marks a 0.7 percentage-point drop from the ADB's previous forecast released in April, according to the ministry, citing the latest report by the Manila-based bank. (Photo by Seung-il Ryu/NurPhoto)


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