Economy

Reuters details South Korea's construction sector feels chill from Moon policies

Reuters details South Korea's construction sector feels chill from Moon policies

Reuters detailed how South Korea’s construction sector is facing its steepest fall in investment since the Asian financial crisis of the 1990s as policies by President Moon Jae-In exacerbate a broader economic slowdown. Moon is cutting investment in under-utilised infrastructure as part of efforts to re-shape the economy and deliver what he says is “quality” growth. But construction sector workers are struggling and big companies are increasingly seeking projects overseas to make up for the shortfall.


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