Top 10 conglomerates in South Korea had double-digit declines in operating profits in H1 2019…

Chaebols are the South Korean conglomerates that provide jobs for the majority of the population and forms the backbone the powers the Korean economy. Hence, when their profits decline by double-digits, it spells downturn and looming recession. Only the Hyundai group showed signs of positive growth. This is definitely not a good sign for South Korea and the world economy…..

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