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References in periodicals archive ?
Joo Won, a director at Hyundai Research Institute, warned that the South Korean economy is in the process of entering a recession.
Hong Joon-pyo, an economist at Hyundai Research Institute, said that sales may contract further following household debt restructuring.
If the atmosphere continues to be lukewarm in June, however, it might be a worrisome sign," said Baek Da-mi, a senior researcher at Hyundai Research Institute. She noted the media is not covering much about the World Cup either.
"In addition to the minimum wage hike, a slump in the manufacturing sector contributed to less than expected job creation in April," Ju Won, an economist at Hyundai Research Institute, said.
"Rising oil prices can add downward pressure on the economy, negatively affecting both consumption and investment," said Baek Da-mi, a researcher at the Hyundai Research Institute.
According to Hyundai Research Institute, a 1 percent fall in the won/yen rate decreases exports by 0.32 percent as Korean firms are put at a disadvantage against their Japanese rivals.
According to Hyundai Research Institute, Korea's annual exports to China are expected to drop by $29.26 billion due to the trade war, equivalent to 20 percent of goods shipped there last year.
According to a report by Hyundai Research Institute, a 1 percent fall in the won/dollar rate decreases exports by 0.51 percent.
Hyundai Research Institute also has estimated that Korea's steel exports to the United States would dip by $880 million annually while loss in production will be 7.23 trillion won for three years if the U.S.
According to Hyundai Research Institute, a 1 percentage point rise in global average tariff rates will decrease global trade by 0.48 percent.
According to Hyundai Research Institute, restaurants suffered the most no-show customers with 20 percent, followed by hospitals with 18 percent, hair shops with 15 percent and bus terminals with 11.7 percent.
It thus enabled China to take economic retaliation in tourism and other sectors following Korea's decision to deploy a Terminal High Altitude Area Defense (THAAD) system." said Han Jae-jin, a research fellow at Hyundai Research Institute.