SOUTH KOREAN’s economy needs to adapt urgently to rising competition from China, the country’s finance minister has warned, as its biggest exporters battle for market share in sectors ranging from chips to shipbuilding and display panels, reports London’s Financial Times. Minister Choi Sang-mok said in an interview that South Korea had gone from being a beneficiary of Chinese growth to an economic rival and that his country needed to diversify its export-led economy. ‘Our economic relationship...
https://www.seanews.com.tr/china-seen-as-a-rival-for-south-korean-exporters/200039/