And the country's top economic policymakers are meeting as we speak over some of the daunting issues threatening the country's efforts to steady the economy,... following the escalation of trade tensions between the world's two superpowers and the country's latest disappointing job figures that show no sign of improvement.
For more, we get the latest from our Won Jung-whan who's been following the story for us.
Jung-hwan what can we expect?
Hi Se-min,… there are two main issues at hand.
Starting from 10AM,... Finance Minister Kim Dong-yeon and the heads of ministries related to the economy have gathered together to discuss the urgent economic issues impacting the country.
And they will discuss ways to deal with global trade issues amid an escalating trade war between the United States and China.
The government is worried because the growing trade spat between the world's two superpowers could wreak havoc on Korean exporters as the U.S. and China are Korea's top two export markets.
And another critical issue to be discussed during the meeting today,... the recent jobs report.
The latest job figures by Statistics Korea showed the country only saw its job growth remain in the 100-thousand level in June,... the fifth straight month it has been in that range.
So we may perhaps see some policy adjustments aimed at improving those job figures.
Back to you Se-min.
