South Korea’s economic growth is still expected to meet the government’s expectations this year, although recent strikes at Hyundai Motor Co and the discontinuation of Samsung Electronics Co Ltd’s Note 7 sales pose risks, the deputy finance minister said on Monday. Lee Chan-woo told a news briefing on the economy that Samsung Electronics’ troubles could have a negative impact on the country’s growth, particularly in the second half of the year. Lee said recent strikes at Hyundai, the country’s largest carmaker, were a bigger risk. He attributed half of the decline in the country’s August industrial output to the strikes which started in the summer and have since ended. “But our economy is not just Samsung and Hyundai.

Source: Hindustan Times October 17, 2016 08:24 UTC