Most Popular
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Over 80,000 millionaires, 20 billionaires in Seoul: report
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Korean battery makers heave sigh of relief over 2-year IRA reprieve
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Yoon apologizes over first lady’s Dior bag scandal, but accuses special probe attempt as political maneuvering
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Young Korean doctors seek plan B: cosmetic dermatology or overseas
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South Korea open to Indonesian proposal to cut KF-21 payments
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Girl hanging on bridge, police trying to rescue her both fall off; rescued immediately
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Coupang earnings hit hard by losses from ailing Farfetch
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[K-pop’s dilemma] Time, profit pressures work against originality
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Why femicide and dating violence are growing issues in S. Korea
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DP urges Yoon to accept proposal on cash handouts, special counsel probe over Marine's death
![[K-pop’s dilemma] Time, profit pressures work against originality](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/05/08/20240508050705_0.jpg&u=20240508171126)
The Korean Chamber of Commerce and Industry said its retail business survey index fell to 87 for the January-March period from 98 for the fourth quarter of last year, well below the benchmark level.
A reading below 100 means that pessimists outnumber optimists.
The index had been above the benchmark 100 since the second quarter of 2009, but dropped below the level in the fourth quarter of last year amid a prolonged economic slump.
“Growth of the South Korean retail market is expected to slow down this year as consumers do not open their wallets due to concerns over future business conditions,” the KCCI said. (Yonhap News)
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Articles by Korea Herald
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