InfoAnda - S.Korea firms see recovery slowing down

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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World S.Korea firms see recovery slowing down - survey Reuters - Sunday, September 19 Send IM Story Print SEOUL, Sept 19 - Most South Korean manufacturers see a recovery in Asia's fourth-largest economy slowing due to a slackening global economy, a business lobby group's survey showed on Sunday. The Korea Chamber of Commerce & Industry said in a statement that 68 percent of 500 manufacturing companies said the domestic economy was improving but the pace of the recovery was easing. The survey showed 14.2 percent of companies saw the economy as having hit a peak and started to slide back. That came as signs of moderating growth in the world's major economies raised worries that South Korea's economic recovery, which heavily relies on exports, would lose some momentum in coming months. Earlier this month, the central bank held interest rates steady, defying market expectations for a rise, and signalled future tightening would only be modest given growing uncertainties over the global economy. [ID:nTOE68801V] Recommend Send IM Story Print Related Articles ZTE, Huawei, Ericsson to manage Sistema India networks Reuters - 29 minutes ago Global brands face growing labour militancy in Asia AFP - 43 minutes ago MOVES-Kuwait's Burgan Bank appoints new CEO Reuters - 1 hour 3 minutes ago Microsoft, Yahoo! jostle for search market share AFP - 1 hour 16 minutes ago Sumitomo to produce fibre-optic cables in China: report AFP - 1 hour 17 minutes ago News Search Top Stories Sunderland deny Arsenal win in Premier League Wall Street ends week up, awaits Fed meeting New rules to force German banks to raise 50 bln: report Harvard lawyer to head US consumer watchdog Lindsay Lohan fails drug test, faces jail again More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Lindsay Lohan fails drug test, faces jail again Samsung takes aim at Apple's iPad, iTunes Harvard lawyer to head US consumer watchdog ACS defends takeover bid for Hochtief City, Liverpool win as Europa League gorges on goals More Most Viewed » Climate: New study slashes estimate of icecap loss US pastor puts Koran-burning on hold 'Time bomb' superbug requires global response: doctor Japanese rider Tomizawa dies in San Marino Moto2 GP Vitamin B 'could delay Alzheimer's onset' More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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