Peter Underwood from IRC Consulting has written a fantastic piece outlining Korea’s economic future amidst the historical summit between Donald Trump and Kim, Jong-un.
Peter states that in spite of positive signs for 2018 (expected growth of 3%), Korea’s economy continues to face three fundamental hurdles:
1. Dominance by the chaebol, the family-controlled business networks stifles SMEs and startups
2. Excessive regulation hamstring’s business
3. Labor inflexibility (complicated by a rapidly aging population) undermines restructuring and productivity improvements
Read full article here: http://ircconsultingkorea.com/market-insights/?board_name=board1&search_field=fn_title&order_by=fn_pid&order_type=desc&board_page=1&list_type=list&vid=7