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If Pieter Stalenhoef is to be believed, one of the major issues that have been affecting the economic situation is that Korea's export-driven economy is being slowed down by the escalation of the US-China trade war. This has particularly hit the exports of semiconductors. In addition to that, the overall exports to China have been reduced by 16 percent. Other than that, there are also a number of other unofficial barriers such as China making an informal ban of television appearances and group tour packages by Korean celebrities.
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Pieter Stalenhoef Talks About South Korea’s Current Economic Situation As he was reading a popular business magazine, Pieter Stalenhoef’s attention was shifted to the headwinds currently facing South Korea. This revelation was made by the Kospi Index, a benchmark that spans global industries such as cars, smartphones, cosmetics, semiconductors, and entertainment. Pieter has come to know that Kospi companies have seen an average share price decline of more than one-third because the index has recently turned negative. In Pieter Stalenhoef is to be believed, one of the major issues that have been affecting the economic situation is that Korea’s export-driven economy is being slowed down by the escalation of the US-China trade war. This has particularly hit the exports of semiconductors. In addition to that, the overall exports to China have been reduced by 16 percent. Other than that, there
are also a number of other unofficial barriers such as China making an informal ban of television appearances and group tour packages by Korean celebrities. He also doesn’t forget to highlight the bright spots in the South Korean market including the improved transparency provided by a newly implemented external audit law. It must be noted that President Moon Jae-in has been relentlessly pursuing several active fiscal properties to help increase the national debt. Pieter Stalenhoef is a Boston-based financial industry professional who is currently working for Highland Financial Group as a Financial Planner. He has received his master’s degree in investment management from Boston University and that has been really helpful in enhancing his professional capabilities. When not working, Pieter enjoys writing and cooking. He is also an aspiring novelist.
