of economy due to financial crisis and recovery of trade deficit are combined with political purpose and retaliatory currency manipulation in china and U.S. is on the rise. Extreme fluctuations of exchange rate of U.S. and china that account for a large proportion of exports in the export-dependent Korean economy cause Korean company’s sales decreasing and trade frictions in the international t
3. Agriculture
Finland's climate and soils make growing crops a particular challenge. The country lies between 60° and 70° north latitude - as far north as Alaska - and has severe winters and relatively short growing seasons that are sometimes interrupted by frosts. However, because the Gulf Stream and the North Atlantic Drift Current moderate the climate, Finland contains half of the world's
and 1998) in the history of Korea with the record of -2.3%.
The rise in unemployment, decrease in consumption, drop in property prices and depressed consumer sentiment, GDP growth rate is expected to drop down to -2.7%.
Such inactivity in consumption, with the fact that exports had dropped compared to the past due to the global financial crisis, increase the burden to the economy of Korea.
structure to overcome poor progress.
Surely ReignCom had good times and its success story was a famous one in the industry. Things turned bad for the company within few years, with the advent of strong rivals both in the domestic and global market. This sudden change of environment led to depressing loss in sales and measures to save the crisis-stricken company seemed inevitable, especiall
Depressed industry
3~4% of annual growth was expected
Shrinking demand due to economic crisis
Trends: Industrial Combination
Market dichotomy
China, CIS countries, Central & South America: Mass market at low price
Japan, EU, etc: High-end goods at high price
Dependence on importing
Structural problem of Korean firms
Price of imported raw material has been
increasing