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Experts say current phase of low growth is not just cynical, it’s a slowdown resulting from structural factorsFor several years now, South Korea has been haunted by the specter of a crisis. From time to time, mostly groundless rumors of crisis appear, such as the current hype about the “April crisis.” Why does speculation about an economic crisis continue when South Korea’s credit rating is the highest it has ever been and when the government is holding an ample amount of foreign-exchange reserves? And what should be done to avert the crisis?
The Korean Economic Association policy seminar titled “Absolute Crisis for the South Korean Economy: Where Should We Go?”, held at the Korea Federation of Banks in central Seoul, Mar. 2. (by Kim Tae-hyeong, staff photographer)