South Korea Falls Into Recession as Pandemic Hits Exports

Jul.22 — Angela Hsieh, regional economist at Barclays, discusses the prospects for South Korea’s economy, which slid into a recession in the second quarter as the coronavirus pandemic sent exports plummeting and forced businesses to cut investment. She speaks with Shery Ahn and Haidi Stroud-Watts on “Bloomberg Daybreak: Asia.”


In This Story: Barclays

Barclays plc is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services.

Stock tickers: (LSE: BARC, NYSE: BCS, FTSE 100 Component)

Barclays traces its origins to the goldsmith banking business established in the City of London in 1690.

 

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In This Story: South Korea

South Korea, an East Asian nation on the southern half of the Korean Peninsula, shares one of the world’s most heavily militarized borders with North Korea. It’s equally known for its green, hilly countryside dotted with cherry trees and centuries-old Buddhist temples, plus its coastal fishing villages, sub-tropical islands and high-tech cities such as Seoul, the capital.

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