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S. Korea to raise 7 service industries to boost economy
(MENAFN) According to South Korea's Finance Ministry, the country plans to raise seven promising service industries, as part of its efforts to boost economic growth, Xinhua reported.
The South Korean government's decision comes as fears arouse of an economic plunge into the low-growth trap, with efforts to promote trade and investment.
In the last decade, local companies rapidly increased overseas investment while reducing investment at home on the back of higher production costs and irrational regulations.
The South Korean government's decision comes as fears arouse of an economic plunge into the low-growth trap, with efforts to promote trade and investment.
In the last decade, local companies rapidly increased overseas investment while reducing investment at home on the back of higher production costs and irrational regulations.
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