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Shayne Heffernan is an Economist, Trader, Fund Manager and Venture Capitalist based in Asia. He also serves as Editor and contributor at www.livetradingnews.com, Founder of The Heffernan Group and currently building the company's financial services business in China. Major shareholder and CEO... More
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  • South Korea Economic Outlook 2013 0 comments
    Nov 27, 2012 3:51 PM

    Almost 100 of South Korea's 600 largest companies plan to conduct corporate restructuring for an economic downturn amid growing uncertainties at home and abroad next year, a poll showed Thursday.

    According to the survey on the 600 largest companies by the Federation of Korean Industries, 62% of the respondents said the economy will deteriorate in 2013.

    The FKI, said it has found that 15 percent of the respondents are mapping out plans for layoffs, sales of some assets and scrapping some business sectors.

    The poll showed that 46 percent of the 600 firms seen domestic demand as the key negative factor, 28 percent with worsening conditions for exports and 15 percent with rising cost burdens for raw materials.

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    www.livetradingnews.com/south-korea-econ...

    Themes: south korea, economy
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