Sluggish IT seriously affecting overall economy

SOUTH KOREA - A long-lasting slowdown in the nation's information and technology (IT) industry has been dealing a serious blow to the nation's exports, imports and current account balance as well as production in the manufacturing industry. According to the Bank of Korea (BOK) yesterday, production in the manufacturing industry posted a growth ratio of around 20 percent for the first three quarters last year, but has since slowed down rapidly. As a result, the growth ratio plunged to a 2 perc

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