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Real Reality
Joined: 10 Jan 2003 Location: Seoul
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Posted: Tue May 25, 2004 1:25 am Post subject: Trade Conditions Worst Since 1988 |
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Korea's First Quarter Trade Conditions Worst Since 1988
A Bank of Korea report indicates the effects of higher energy prices and costlier raw materials have dealt heavier blows to the local economy than previously thought, translating into a trade loss of some W7.7 trillion or close to US$7 billion during the first quarter.
This figure effectively puts the first-quarter trade terms at their worst level since the same quarter of 1988.
http://english.chosun.com/w21data/html/news/200405/200405250014.html |
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phaedrus

Joined: 13 Nov 2003 Location: I'm comin' to get ya.
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Demophobe

Joined: 17 May 2004
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Posted: Tue May 25, 2004 3:46 am Post subject: Re: Trade Conditions Worst Since 1988 |
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| Real Reality wrote: |
Korea's First Quarter Trade Conditions Worst Since 1988
A Bank of Korea report indicates the effects of higher energy prices and costlier raw materials have dealt heavier blows to the local economy than previously thought, translating into a trade loss of some W7.7 trillion or close to US$7 billion during the first quarter.
This figure effectively puts the first-quarter trade terms at their worst level since the same quarter of 1988.
http://english.chosun.com/w21data/html/news/200405/200405250014.html |
No offence, but your gloomy posts depress me. Do you look for this sadness, or does it find you?  |
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Real Reality
Joined: 10 Jan 2003 Location: Seoul
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Posted: Tue May 25, 2004 6:08 am Post subject: |
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Demophobe wrote,
"No offence, but your gloomy posts depress me. Do you look for this sadness, or does it find you?"
"Gloomy posts?"
Well, what is reality like in Korea?
phaedrus wrote,
"That's just numbers....."
Here are some words for you.
Despite such record profits for the nation's biggest corporations, Korea's economic growth was mediocre, the unemployment rate for the young people was uncomfortably high, consumer spending was down, consumer confidence was low and credit defaults remain at a worrisome level for government regulators. In other words, record profits by big corporations did not necessarily mean better conditions for ordinary people.
http://www.koreaherald.co.kr/SITE/data/html_dir/2004/05/26/200405260010.asp |
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Mankind

Joined: 18 Jan 2003
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Posted: Tue May 25, 2004 10:48 pm Post subject: |
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Wealth distribution and GNP (trade sales...) have nothing to do with each other. You guys need to decide what you're going to argue about.
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