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Trade Conditions Worst Since 1988

 
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Real Reality



Joined: 10 Jan 2003
Location: Seoul

PostPosted: Tue May 25, 2004 1:25 am    Post subject: Trade Conditions Worst Since 1988 Reply with quote

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.

PostPosted: Tue May 25, 2004 3:16 am    Post subject: Reply with quote

That's just numbers.....

http://times.hankooki.com/lpage/200405/kt2004052515573153460.htm
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Demophobe



Joined: 17 May 2004

PostPosted: Tue May 25, 2004 3:46 am    Post subject: Re: Trade Conditions Worst Since 1988 Reply with quote

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? Crying or Very sad
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Real Reality



Joined: 10 Jan 2003
Location: Seoul

PostPosted: Tue May 25, 2004 6:08 am    Post subject: Reply with quote

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

PostPosted: Tue May 25, 2004 10:48 pm    Post subject: Reply with quote

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.

HAND Smile
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