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Fears are growing over a shutdown of the Korean government’s key functions next year, as the national budget bill was still adrift, Thursday, a day before its deadline amid continued partisan gridlock.

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The Korean economy is losing steam fast, with its twin engines – exports and domestic demand – falling at the same time. In particular, plunging exports and widening trade deficits are boding ill for the economy, multiple data showed Thursday.

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2022-12-02T08:00:00.0000000Z

2022-12-02T08:00:00.0000000Z

https://thekoreatimes.pressreader.com/article/281517935142707

The Korea Times Co.