South Korea fin min says economic recovery weaker than thought

19 Nov, 2014

SEOUL: South Korea's finance minister said on Wednesday the economy is recovering at a slightly weaker pace than previously thought, and reiterated his concerns about the impact on the nation's exporters from a weak yen.

Finance Minister Choi Kyung-hwan made the remarks during a forum hosted by a group of lawmakers.

South Korea is worried that the yen's tumble over the past two years would give Japanese exporters an upper hand over their South Korean rivals.

Copyright Reuters, 2014

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