S Korea’s economic recovery momentum slackens: KDI

11 January, 2021 12:00 AM printer

SEOUL: South Korea’s economic recovery momentum is slowing down as the service sector has remained sluggish amid a resurgence in new coronavirus cases, a state-run think tank said Sunday.

The country’s manufacturing sector sustained a recovery due mainly to robust exports, but the service industry is suffering sluggishness due to a flare-up in COVID-19, according to a monthly economic assessment report by the Korea Development Institute (KDI), report agencies.